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

To: Jim Willie CB who wrote (37087)	7/24/1999 12:49:00 AM
From: Ruffian	Read Replies (1) \| Respond to of 152472

Jim, Whatever you are talking about >It sounds good! <gg> eom

To: Jim Willie CB who wrote (37087)	7/24/1999 1:56:00 AM
From: Kok Chen	Read Replies (2) \| Respond to of 152472

> did any of you see midApril scary drop to 125? > did any of you see midMay churning drop to 91? If you are long QCOM, why would either of those two things matter? I have held QCOM since 49 before the split, and the two events you mentioned did not even cause me to blink. Winning small battles with TA has no correlation to winning the big, and real, wars. The longs who held on are the one who are now the Quallionaires; TA'ers are still trying eek out small gains from the daily ripples. What a laugh. Long NOK, QCOM and ERICY, Kok Chen

To: Jim Willie CB who wrote (37087)	7/24/1999 8:22:00 AM
From: JohnG	Respond to of 152472

Jim Willie. I don't pretend to try or be able to predict short term daily prices here. There may be a shortage of new buyers here if upgrades from buy side analysts, good news, and selling efforts from their respective brokers doesn't create adequate demand. And, of course, some of my friends promote selling out in early July every year because the fall market is consistantly crappy every year. Jim, they don't need a TA to predict a fall decline--just 5 years of Dow charts and half a brain. But this sell out results in two disadvantages: 1) Short term capital gains taxed at 39.6% (IRA people excepted) 2) Necessity of picking an entry point And one advantage: 1) They miss the down cycle So, if you tell me Q will only fall to $140 and I believe you then, unless I trade regularly and buy short term options, I say, "So what, that's not enough to get too excited about." When Q4 earnings anticipation arrives in September, or when earnings themselves arrive in October, or when NOK or MOT give up and use Q's ASICS, or when Q signs a China deal, or is given valuable frequency, or some other very positive event, YOUR TA/FALL DECLINE BARELY MATTERS. And, unless I stay glued to this tube, I will likely miss the buy in point. Now, if you tell me Q will fall to $110 and I believe you, I will sell all my Q stock, mortgage my house, borrow from my relatives and wait to buy a truck load of out of the money leaps/calls. This I would do today if I believed Doug's BS projection based on 1/99 data. So, for me, at this point, I stand by belief that TA is barely needed. But, if you apply it useing your IRA account, you may gain some advantage. And, If you have some more funds (not necessarily from selling Q today) to commmit when Q declnes a bit, you may get a deal on Q. But, the biggest sickness, the one you may fall into is 1) failing to accumulate shares on dips 2) the opportunity cost of expending your time and emotional energy on finding other stocks to buy. After all, we all have only 24 hours per day and it is what we do with it that counts. Catch the tide. There is an art to traveling on the crest on the wave rather than fighting the currents of life. Spend your time focusing on worthwhile things rather than watching the grass wave in the breeze. JohnG