Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 165.35

+1.2%

10:20 AM EST

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To: Jon Koplik who wrote (11809)	6/26/1998
From: Ingenious	Read Replies (1) of 152472

Actually, selling short should be synon with "selling your shirt" since the losses are potentially unlimited. My strategy is actually quite simple. I track a number of stocks (no I don't bet the farm on Qcom) which I would not mind holding for 2-3 years. If one of the stocks takes a sudden jump (as qcom has done a number of times) I sell it for about 20-30% profit and take the money (and profit less uncle sams cut) and invest in yet another prospect. I don't fall in love with any one company but pick the best of breed (usually the gorilla) in any number of categories. That keeps me nimble. I intentionally do not look back since it can be pretty painful. I just keep looking forward. For example, I bought a bunch of MSFT in 1995 at about $20/sh. Now about $100 (ouch!). I hope for the best and plan for the worst. I hope to make 20-30% on each transaction and if it goes any higher than 40% I consider myself greedy. Actually, if you do the math. Getting 20-30% on each transaction for a period of a year or two (sometimes 2-5 times per year; over 100% compounded) can be incredible profits. I suppose this is a sort of market timing with a twist of buy and hold embedded somewhere in the logic. Whatever it is, I have had better results than any mutual fund has ever provided. My goal is not to get rich quick, just get rich (or out of debt as it may be).

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