Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 172.40

+0.8%

1:35 PM EST

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To: Morgan Drake who wrote (27289)	4/16/1999 2:08:00 PM
From: Jeff Vayda	Read Replies (2) of 152472

Morgan Drake: Stock splits may indeed result in positive price movement, but as there is no way to test if that company's stock price would have moved or not without the split, the point is moot. There is no basis in science for a stock split to be advantageous. There does not need to be. A company's stock price matters in the market and the majority of the market is about psychology. The prediction of stock prices is nothing more than an attempt at educated guessing. Be it technical analysis, market fundamentals, value investing, Internet mania - take your pick - it is all just educated guessing in the end. That is where Gregg was pulling his hair out for so long. He did the work, he knew the value, but darn it the rest of the world had not caught on. You know, there is nothing to say that the rest of the world need ever catch on. Dont loose sight of that. You just do the best you can: educated guess. Every now and then the psychology of the market takes over and all the smart people make out. But beware, that tide can turn against you just as quick. That is what makes it so much fun! Time to get off my soap box. As you can probably tell, I have no problem sleeping at night - no matter the direction of the market. I dont take it personally. It is the weekend, time for a beer. Come to think about it, the beer probably makes it easier to sleep also. :-) Jeff Vayda

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