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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 176.69+1.6%3:59 PM EST
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To: Uncle Frank who wrote (108884)11/20/2001 1:50:23 PM
From: Wyätt Gwyön  Read Replies (3) of 152472
 
Sounds like something the bears would say after a rally.

that is the difference between fundamental value and quotational value. a bubbleonian is happy because of a 30% rally even if he is still down 30% on the year and 90% from his all-time hihg. a bear, or rather a rational person, looks at fundamental values and understands that even a market of crappy stocks like we have in certian amreican IT cos can rally like hell, the crappier hte better. but that doesn't change underlying value 1 iota.
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