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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 159.42-1.2%3:59 PM EST
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To: Gregg Powers who wrote (13293)8/4/1998 7:32:00 PM
From: Asterisk  Read Replies (2) of 152472
 
I couldn't agree with you more. But I think that my basic statement is true. Those with the money generate the current pace/direction of the market. As far as fundamentals go I couldn't agree more that you need to do excessive due diligence before you even consider buying ANY stock but at the same time life is quirky.

Here is what I mean by my statements. If anyone has ALL of their retirement money in the market in one stock they are a fool. It is my opinion, and I think that you would probably agree, that one needs to spread out their investment dollars. If you are a postal worker and only get paid a moderate income then you can take you chances in something risky in the beginning but in the later years you should probably pull back and invest in more stable stuff. This person does not have the extra capital to make up for a sudden plunge in the market. If you are a single engineer making a decent amount of money then you can take greater chances throughout your career and go for that pot at the end of the rainbow. Your income is probably large enough (at least most of the engineers I know make bank) that you can still have a comfortable retirement even if you hit a few bad notes.

I guess my message is the following: Do your homework and invest in a company that has good fundamentals at a level that allows you to sleep at night. If you can afford to overextend, go for it but be aware that is what you are doing and be prepared for the consequences the next time that the Prez goes looking for a new girlfriend, the stock market crashes and your water heater blow up all on the same day!
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