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

To: jmac who wrote (38241)	8/18/1999 9:05:00 PM
From: JGoren	Read Replies (1) \| Respond to of 152472

Yes, I have thoughts. The stock doesn't scare me. The only thing that makes me nervous is the way you trade in and out of the stock. You'd do better to have kept the shares, period.

To: jmac who wrote (38241)	8/18/1999 9:25:00 PM
From: SpudFarmer	Read Replies (3) \| Respond to of 152472

jmac: For all it's worth, here's a little of my history. Way back when, Q was a good trade, buy at $40, sell at or about $55. Ride through the splits. When you're out of this stock, it will leave without you. (My experience) I love volitility, partly because it is exciting, and it is one of the reasons I invest. I don't have ulcers, don't own rolaids. Buying on unreasonable dips has worked well for me, while retaining a core holding. Don't always time it perfectly, but who does? Yes, it will drive you "nuts" if 5, 10, 20 point swings get under your skin. Everyones' tolerance is different, high or low is not good or bad, just different. When I feel like I'm fighting the market, I have to stop and back away. Learned this lesson from trading DISH for two years. You could trade that stock 2-3x/day on $4-5 swings each way in a matter of minutes. Finally bought a chunk six months ago and ignored it. Relax and go along for the ride! "What will take it down?" Any shortfall in earnings. Expectations are high and factored in. This has always been the case with Q. Any little blip is met with extreme distain, warranted or not. On the other hand, any real news will be swiftly rewarded in a big way. It has been very quiet for a while. To me, the longer the silence, the larger the news. We'll see. Just a few opinions, hope it helps. Take advantage of the sales and hang on until something fundamental changes. I found myself doing the same thing, fighting. That is why I am going back to Colorado for 20 days, leaving the market behind in September. Not even a G* phone could find me! Although, I'll be closer to those wonderful satellites. I was going to throw rocks at the irid sats, but the company fell to earth all on its' own. : )

To: jmac who wrote (38241)	8/18/1999 9:36:00 PM
From: Uncle Frank	Respond to of 152472

>>what takes this market down and this stock in particular? jmac, maybe you should look at the other side of the coin; in the absence of news, what took Q up on Friday, Monday and Tuesday (+10, +2, +11)? There was no news, so imo it must have been some of the big boyz moving in. The ta crowd tells us that stocks usually fill a gap, so once the institutions completed their purchases, it was reasonable that Q would partially retrace. I have to agree with some of the other comments about your investing style; I believe you'll have much better returns if you stop watching and trading Q on a short term basis. Frank

To: jmac who wrote (38241)	8/18/1999 10:35:00 PM
From: Kayaker	Read Replies (1) \| Respond to of 152472

Everyone expects the .25% increase. so, what takes the market down? The market has been going up for the past week and we're heading into a rate increase on Tuesday, so I'd be amazed if the market didn't go down. Yes, ¬% is expected, but once that is accepted, folks worry about the possibility of a «% increase. If that is dismissed, they worry about the fed setting a neutral vs positive bias. If they stop worrying about that, they start looking to the possibility of another increase in October. Bottom line, the market hates uncertainty. I expect weak til Monday, then 4-5 weeks of UP, starting Tuesday, once the Fed announces. Same as June.

To: jmac who wrote (38241)	8/18/1999 11:22:00 PM
From: Percival 917	Read Replies (1) \| Respond to of 152472

jmac, The answer is in the past 6 months run up, IMO. There are going to be some that will take profits off the table. Too many times people have rode stocks up, only to ride them back down again. It has happened to everyone at one time or another. So some get nervous and react. What everyone needs to realize is to listen to what LindyBill, Uncle FranQ, Merlin and others have been saying all along is that Q is NOT just any stock. It is going to be more volatile due to the fantastic run up and the inclusion into the S&P 500. But look at the fundamentals. Until that changes or some new technology comes out of left field, this stock is going to be on a tear for the next several years. Until something changes just watch the stock and don't sweat the fluctuations. In fact use them to add to your position on any pullbacks. If something does change you'll see here or on the G&K thread and then decide what the prudent thing to do is. Again IMO

To: jmac who wrote (38241)	8/19/1999 8:08:00 AM
From: Jill	Respond to of 152472

Jmac, as with others on this thread, I would suggest to just relax. Once you make a decision (i.e. to buy a stock), don't keep questioning the decision. It needs to be made on fundamentals anyway, and as this thread can attest, the fundamentals here are very good. As for the volatility, I do agree it's a choice way to play options, as you get rich premiums on writing them. Thus, cognitive reframing: you hang onto your core holdings, which you fundamentally believe in whether or not the market is volatile, because you know this is a revolutionary time and a Q is a gorilla in the making; and you play the volatility by writing covered calls or puts, for which you get rich premiums. Or perhaps buying leaps calls, deep in the money. (I personally don't buy short term calls, as I don't seem very good at that or have a feel for it) You ask what takes the market down? It's just a very liquid global market that is extremely sensitive to any kind of input and any fear or hope that it might move up or down. It's still a bull market. As for Q, it's volatile because it's a hot stock, and being daytraded somewhat. Every time the market retrenches, those who weren't scared and who accumulated more of various stocks are happy, as it soon picks up again. In the end, this has to be fun. If it's not fun, it's not worth the anxiety. That's about all I can think of to say! Jill