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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 161.39-1.9%Jan 15 3:59 PM EST
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To: limtex who wrote (13262)8/3/1998 7:32:00 PM
From: Gregg Powers  Read Replies (1) of 152472
 
Limtex:

There is an old cliche that goes "sell down to the sleeping level". You seem too emotionally involved to suffer through a bear market without excessive self-doubt and misery...for your situation, the answer may be to sell.

The trouble with predicting bear markets is that if you repeat yourself long enough you are bound to be right. The market acts like poo-poo right now and we are certainly going through a trying period. However, I don't see any way in heck that Mr. Greenspan can raise domestic interest rates given weak Asian currencies and financial instability throughout the emerging markets. Higher U.S. rates would suck capital out of these markets like gas through a '69 Cadillac. Moreover, it's hard to see how stock prices will collapse too far given where rates are today for companies...and this is the key...for companies with steadily growing earnings. That, in my view, is why MSFT is outperforming despite its horrendous valuation.

Companies like QC, with tremendous unrealized earnings power, should do fine...even in the bear market that we have been discussing. But none of this matters if you lay in bed every night sweating and worrying.

Best regards,

Gregg
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