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

To: John O Dea who wrote (38942)	8/29/1999 11:57:00 AM
From: Bux	Read Replies (1) \| Respond to of 152472

It's not really fair. Last year things were all so simple when it came to Qualcomm investments. The p/e was dirt cheap, growth was good, future prospects were excellent. I didn't have to ascribe any value to Globalstar, Cinnecomm, etc. to know to accumulate QCOM. Being the buy and hold investor that I am, life was good. The future was well-defined (or so I thought). Now that the price has sky-rocketed over seven times, I must look into the murky future with gremlins hiding behind every quarter, trying to ascribe value to G*, cinnecomm, etc., playing out different imaginary scenarios with wildly different endings. The human nature within me incessantly whispers sell, sell, sell, but experience and my intellect screams not. I think back to my first purchases of MSFT which was considered wildly overpriced and remember the relief I felt after my initial investment had doubled and continued it's march upward. Some years would see no appreciation , but subsequent years would cover and then some. The temptation to sell was always there but never did MSFT appreciate as fast as QCOM. Even looking back on MSFT I don't think I could have traded it as profitably as holding those shares tight as they split time and time again, demonstrating so immediately the true nature of exponential appreciation. The moves up and down came unexpectedly, seemingly without reason, nervous investors following invisible emotions. The only constant being the long-term march upward. I don't think the MSFT story was/is as compelling as that which QCOM enjoys. The PC boom was/is an amazing phenomenon but the cellular telephone/communication revolution is beginning to make it look pale in comparison. Still, the temptation to trade rises to the surface of my consciousness, gets analyzed, and retreats back to the depths of my subconsciousness. Hopefully, my intellect and experience will continue to rule over my human-nature. Bux