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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 180.72-0.1%9:30 AM EST

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To: Keith Feral who wrote (111636)1/25/2002 8:22:39 PM
From: waverider  Read Replies (2) of 152472
 
Keith, it matters to me because it strikes at the heart of how Americans trust their institutions. I am a short term trader now for that very reason...I can not trust the numbers these guys are feeding us. The only thing I can trust is my trading system. The second I start mucking it up with...

Buy stocks in good companies.
Good companies will turn around.
Technology is here to stay.
XYZ has a tremendous promise.
QCOM has stellar management and has rock solid patents.

...I lose my edge and my money.

Just for the hell of it I'll tell what I am doing right now:
I am short two stocks (won't mention those cuz I don't think its a good idea).
Short QQQ.
Long on NEM.
Bought long MRK at the close today with tight stop loss. Not interested in visiting the low 50's.
Closed out a profitable trade on OIH today.
I'll come back next Friday and tell ya what I did.

What you say about QCOM is true. But it doesn't mean you'll make money on the investment.

Good luck to you.

wr
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