Qualcomm Incorporated (QCOM) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 171.54

+0.4%

Nov 10 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: waverider who wrote (112734)	2/8/2002 6:57:07 PM
From: sea_biscuit	Read Replies (3) of 152472

Clarify how emotional conviction has anything to do with making money in the stock market. The presence of cheerleaders means that there are people who wouldn't sell. Plus some of the cheerleaders themselves and a few of the gullible ones that follow them would buy the stock. This will set the stage for a rally. Once the price gets beyond what it was when the downleg started, it will be viewed as "proof" that everything is fine and dandy. And from then on, the next downleg to a lower low will begin, maybe after a few late stragglers have pushed it to slightly higher levels for a day or two. Remember this is still very much a story stock. If you closely watched the cheerleaders and made independent decisions, without believing what they said, you can make pretty good trading gains here. At least that is the idea. But if you believed them, then you are doomed too, along with them.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next