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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 155.82-1.3%Jan 23 9:30 AM EST
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To: Gary Walker who wrote (19528)12/11/1998 9:41:00 PM
From: JGoren  Read Replies (1) of 152472
 
I bought Amgen in 1987. Although it has in the past been disappointing, the fact is that many technology stocks suffer the same kind of fears, disbelief and skepticism. The price is subject to a lot of volatility, and the price never seems to breakout. And, then finally, things happend and the market finds the stock. The fact is that investments such as Qcom require a lot of patience. From the standpoint of a lot of brokerage firms, over the past three years, there has been "plenty of time" to buy the stock. They have been right and we have been "wrong" or at least "early." Remember that Qcom was on a number of brokerage firms recommended buy lists at the beginning of the year. Things have developed slowly, and even slower than those who recommended the stock a year ago. But the breakout will occur soon, IMHO, and I am holding.

If you're unhappy, Gary, SELL NOW. I will be able to buy some more shares at a lower price.
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