Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.35

-0.4%

3:59 PM EST

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To: Caxton Rhodes who wrote (30938)	5/25/1999 5:57:00 PM
From: Art Bechhoefer	Read Replies (1) of 152472

When a well known analyst such as Acampura predicts a market correction, the event can become a self fulfilling prophecy. This is unfortunate, because if you look at Ralph's earlier predictions, he is always a bit late. When the market suddenly starts to pick up, he jumps on the bandwagon and says it's going up more. When the market begins to look weak, he's there again, saying it's going to get weaker. Are his predictions simply a way of helping the portfolio managers in his firm succeed by selling high, predicting a downturn, and then coming back in at lower prices? Such a strategy is not unheard of among market analysts . . . Individual investors can often do much better than so-called experts by understanding what is causing stocks to rise or fall and then acting accordingly, BEFORE the experts have made their purchases or sales. That means reacting NOT to the expert advice but to the individual company fundamentals.

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