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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: kitterykid who wrote (36271)	7/20/1999 9:04:00 PM
From: marginmike	Read Replies (2) \| Respond to of 152472

I agree the market is going to get Nasty this quarter.

To: kitterykid who wrote (36271)	7/20/1999 9:39:00 PM
From: LindyBill	Respond to of 152472

having said that the Q might be another MSFT or INTC, is that it may not be a bad idea to take a few chips off the table for purely market reasons. As a money manager, my largest position by far continues to be QCOM. Kid, I believe the single biggest mistake you would ever make as a Money Manager would be to get out of part of your Q position now, instead of "riding the Tiger". Take a look at the charts of the two "Gorillas" you mentioned, and imagine the regret that people in those stocks, back in say, '90, have at selling part of their stake then. This is the most common error that I see experienced Investors make. They just can't believe their good fortune, their cost per share is so low that they are sure the stock is overpriced, and they get out too early. This is not a "Dot-com", where you are playing the "Greater Fool" theory. This is not a small cap that will burn you. This is not a company like Dell that can blindside you. This is a true Gorilla.