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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 151.59-0.4%Jan 30 9:30 AM EST
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To: Ramsey Su who wrote (14381)9/1/1998 5:46:00 AM
From: Maurice Winn  Read Replies (2) of 152472
 
Ramsey, we agreed $32 was a great buy, but that was 2.5 years ago, when all the things Qualcomm has since achieved were little more than wishful thinking. Then 14 months ago I couldn't resist $42. Then, a bit greedily, I couldn't resist $52 after the Asian crash in Qualcomm from $72. Looks as though the relative few at $52 was a mistake, but bottoms are notoriously hard to be accurate on.

Notice how Qualcomm fared not too badly in the losses the last couple of days.

I reckon Globalstar and Qualcomm are both raving buys now. But I'm nearly fully pigged out on margin now, waiting for Alan Green$pan to do the decent thing, so won't be gobbling more. Globalstar at $13.5. Wow! Maybe better than Qualcomm now.

I guess you and Chris can feel fully vindicated in heading for cash. But still this is hardly a massive drop compared with where things were a year ago at the beginning of the Asian contagion. Really just a tidy up, put the frighteners on them, get their feet on the ground and head out of the clouds, back to work - you aren't retired yet, don't overborrow type fundamental rulz ok type scaling and gutting of the improvident [hopefully me excluded].

I'm still way up on my entry so shouldn't squawk - can't be a trader or have to pay capital gains tax. Waiting for more dividends from Qualcomm. Enjoy your shopping expeditions.

Mqurice
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