Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 176.67

+1.6%

Nov 12 3:59 PM EST

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To: Wyätt Gwyön who wrote (108908)	11/20/2001 2:31:16 PM
From: Jordan Levitt	Read Replies (1) of 152472

<<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. >> So, there are only "bubbleonians" and bears, and only the bears are rational and able to calculate the value of a company. Well that is quite a conclusion. First of all, in terms of rationality, the market goes up approximately about twice as much as it goes down, so is it really irrational to be a Bull ? Is there no room for a pragmatist ? One who makes rational decisions about current price versus future value ? BTW, being a bear can be just as much of a trap as can being a bull...there are reams of bears who are right once every business cycle. Big deal!

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