Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 154.12

-3.3%

3:59 PM EST

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To: Candle stick who wrote (8346)	2/10/1998 4:52:00 PM
From: Gregg Powers	Read Replies (4) of 152472

Candle stick...Good God...you're investing real money and my post is too long to read? Fundamentals don't matter because you can read the stock chart? Technology stock prices go to extremes exactly because uniformed, momentum traders either panic at bottoms or overpay at tops. I completely disagree with your premise. Stock prices in the short-term are entirely unpredictable; exogenous events, good and bad, drive investor psychology--particularly in the tech sector. Over a reasonable investment horizon, say two to three years, fundamentals drive value. Call me silly, but I'm running $2.2bb and have compounded clients capital at a 23% rate over the last ten years--so just maybe, just possibly, you might consider being less short-term arrogant and more long-term wise.

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