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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Jill who wrote (6257)	9/13/1999 12:34:00 PM
From: Teflon	Respond to of 54805

Regarding QCOM, I've done a little digging an here is some food for thought: 1) Remember that it's options expiration this Friday and it's very likely that with the recent weakness in the Q of late, some very LARGE bets were placed anticipating Q's continued drop. When the stock started to consolidate at the 165-170s level, some folks I am talking to suggest that the churn machine (rumor mill) got cranked up to facilitate a continuance of QCOM's fall and to capitalize upon the current events surrounding the Company (pulling out of today's conference). 2) Many institutional traders that I've talked to suggest that there could be some significant buying on this weakness once a floor seems to establish itself. 3) The Street makes its money by getting people to trade, not invest. And given the wild swings in QCOM of late its high on the priority list of most institutions as far as getting folks in and out of the stock. 4) Options expiration is this Friday. 5) Options expiration is this Friday. I am buying more at these levels. Long term perspective is key here folks. This reminds me of the day the DOJ announced its antitrust suit against MSFT. Panic ruled. MSFT is up over 100% from those levels. Teflon

To: Jill who wrote (6257)	9/13/1999 12:34:00 PM
From: LindyBill	Read Replies (1) \| Respond to of 54805

you need to take more care in announcing such a reversal. As the biggest cheerleader, I felt an obligation to let everyone know what I did immediately. I posted last week that I would not ride out another slide, if I felt I could time it. I still feel, long term, the same way about Q and I will be back in as soon as the smoke clears. I just was not going to set here and take a 20 to 30 point slide.

To: Jill who wrote (6257)	9/13/1999 1:52:00 PM
From: Nichols	Respond to of 54805

Jill, nice post. Maybe the messsage we should get from today is to diversify. Yeah, investing in a screamer is fun when its going up, but when it drops those of us who haven't diversified felt the need to bail. Those of us who are properly diversified have certainly felt the pain, but not nearly as much. There are plenty of Gorillas out there to invest in. Why have the unnecessary risk of having just one. I still believe in the story of QCOM. Thus, I am not even thinking of selling, unless something FUNDAMENTALLY changes. These dips, IMO, separate the men from the boys.

To: Jill who wrote (6257)	9/13/1999 11:16:00 PM
From: Mike Buckley	Read Replies (1) \| Respond to of 54805

I'd suggest, gently, that you [LindyBill] need to take more care in announcing such a reversal. You've probably stunned and scared some threadsters. Jill, I understand your point. But I'm compelled to jump to Bill's defense here. When he announced the sale of his position, he made virtually no comment about any change in the Q's long-term fundamentals. There's no question in my mind that had he perceived a change, he would have let us know. When he was adding to his position in Qualcomm and ultimately getting to a 100% allocation, people were cautioning him to diversify. Now that he's 100% cash, those people should be suggesting to our debonair dancer that possibly a more prudent decision would have been to sell a part, not all, of his position. Regardless, we wish him the best of luck whether he's 0% or 100% Qualcomm. And I doubt that he'll ever be much in between. :) --Mike Buckley