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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 174.80+0.3%Dec 5 9:30 AM EST

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To: Richard Monge who wrote (6293)12/12/1997 3:22:00 PM
From: JMD  Read Replies (2) of 152472
 
Richard, think you're giving the "institutions" way too much credit. They are as capable of making poor decisions (or good decisions) as any individual. Fear/greed steamrollers 'them' as well as 'us'. We are clearly in a panic sell market now and it's no fun at all. I ain't heading for the exit and I ain't saying it's over. As a pretty generally held bit of wisdom however, think it's fair to say that if either an individual or an institution is selling when everybody's selling (or the reverse), then you're much less likely to win the poker game no matter the make-up of the buyer/seller. My thoughts on a real bummer of a day. Best, Mike Doyle
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