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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 170.90-1.3%Nov 7 3:59 PM EST
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To: americandude who wrote (121272)7/3/2002 6:58:14 PM
From: hueyone  Read Replies (2) of 152472
 
Americandude, I understand and follow your points about the difficulty of prognisticating, but perhaps I need some further convincing that those who "cry the sky is falling" are meek. Shorting the biggest tech bubble in history was a "wonderful and exciting new opportunity" for investors and I tend to respect those folks who did so for bravely going against the the conventional wisdom of the new economy thinkers that were prevalent on SI at that time. Are those shorters the “meek” folk you are referring to? (Wish I had been one of those meek folks). <gg>

Finally, if it is true that the the smartest most erudite prognosticator has absolutely no idea what is going to happen next, not in technology, not in the economy and certainly not in the war on terrorism, and that no one can anticipate who will fail and who will succeed, then what is an investor to do? Your statement certainly doesn't make an argument for going long, nor does it make an argument for going short, but instead makes an argument for avoiding investment (long or short) in individual stocks altogether---which brings this to mind, why do you bother to follow this company specific thread if you feel it is impossible to have a clue?

Best, Huey
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