Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.30

-2.6%

3:37 PM EST

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To: marginmike who wrote (103314)	8/28/2001 12:16:09 PM
From: Dennis O'Bell	Read Replies (2) of 152472

In some fairness, huge numbers of spoo poots expired worthless before the days of glory finally came. Almost nobody rationally saw how insane it was going to get before it ended. Buffett may have seen it coming, but he's also said things like "the optimal time to hold a stock is forever...", it just goes to show that sound bites out of context shouldn't be trusted coming from anybody! Lots of friends of mine made good money accumulating DEC stock all during the 70's up to the mid 80's when they sold and bought houses, so as you observe it's a matter of timing. What got me out basically in time was I couldn't sleep at night, my accounts started fluctuating by a year's salary in a matter of a few days, I realized it was totally nuts at that point and sold. I don't know if I want to live thru that again, it wasn't investing, it was pure gambling on mass psychology at the point things were at and I should never have had that much of my equity at risk like that.

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