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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 175.25+0.6%Dec 19 9:30 AM EST
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To: limtex who wrote (11399)6/11/1998 3:57:00 PM
From: bananawind  Read Replies (3) of 152472
 
Limtex,

With all due respect, you need to stop watching the talking heads that are feeding you this claptrap and start investing with your brain instead of your emotions.

Stocks don't have "natural homes" in the 40's or anywhere else. They are fractional pieces of a business whose true value fluctuates very little on a week to week or even month to month basis. I ask you this - is the value of your fractional piece of Qualcomm worth more or less today than it was a week ago? If your answer is less, then I seriously doubt that you understand what you own. And you should be no happier if the stock price rose by $10 today than if it fell by the same amount because I guarantee you the value of Qualcomm as a business did NOT rise or fall by more than $700 million in a single day - no way, no how. Another guarantee is that if you make investment decisions emotionally, with fear and greed being the typical motivators, you are destined to do poorly. Stop worrying about "the market" and start wondering about the value of the businesses you own, and whether that value is building or in decay.

As for the global prognostications of whatever economist got you so lathered up, big deal. If economists were able to forecast these things, they would be too busy arbitraging the crap out of everything to waste any time telling you or me about it. Stick to understanding companies and what they are worth. You will sleep a lot better and make better investment decisions.

Sorry for being preachy, but folks hysterically crying fire on these boards is the one thing that really burns me up.-JLF
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