Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 159.42

-1.2%

Jan 16 3:59 PM EST

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To: Ramsey Su who wrote (11952)	7/1/1998 8:34:00 PM
From: Jon Koplik	Read Replies (1) of 152472

Ramsey - in response to your lament of (essentially) "why couldn't we all have just bought YHOO, AMZN, AOL, etc. at 20 (?) times revenues , and then sat back and made zillions of dollars as they went to 100+ (?) times revenues" -- at the risk of starting the Internet equivalent of a "food fight," I just want to say one thing -- having actively traded futures since 1978, and stocks (and stocks options)for quite a while, I swear that no one I've ever met (or heard about) who has made money trading futures was stupid, but more than a few people I've met (or heard about) who made real money in stocks were actually quite lacking in their understanding of stocks and a lot of other things. I'm sure you've heard the line "I'd rather be lucky than smart." The one thing about futures trading that is totally intellectually satisfying to me is the absolute certain knowledge that "a fool and his (or her) money WILL soon be parted in the futures market." But, it seems that that is not necessarily so with the stock market. Jon.

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