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

To: straight life who wrote (37938)	8/12/1999 6:31:00 AM
From: DownSouth	Read Replies (1) \| Respond to of 152472

Sometimes the market's wrong and you just have to hunker down and live w/losses (my Q! position was underwater for the first 13 months I owned it. I kept buying. Now my GBLX and MFNX positions are 60 fathoms down... The market is never wrong. It is never right. Its like the weather. Your job is to figure out what the market or the market for a stock is about to do or will do in the long run, then make decisions that take advantage of those changes. ("going where the weather suits my clothes") I forgot that I was on the Q thread when I made that post! Not a smart move! But, I, too owned Q when it was lifeless but full of expectation. Q dropped below my horizon of loss tolerance. I sold it and bought PMCS. I made lots of money and still am on PMCS. When Q started moving, I dumped another lifeless, full of expectation stock (RMBS) and bought Q. I have been adding to my position for a few months now by selling LU, INTC and a few other of my old investments, switching from old Gorillas to the newest one in the forest. (Shoulda held on to INTC <g>.) There are many ways to skin a cat and what we are talking about here is Gorilla Game investing, imo. Congrats to all that hung in there with the Q when others did not. However, some of us others went elsewhere and did make money while you waited Q out. Did you make more money in the long run? Probably. Will that tactic work all of the time? Probably not even most of the time. Why not put that GLBX money into Q? Let it grow while you watch GLBX carefully, then make the switch. Why not?