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

To: Jim Willie CB who wrote (41321)	9/16/1999 12:55:00 AM
From: Jon Koplik	Read Replies (1) \| Respond to of 152472

I will (foolishly) enter into this Technical Analysis is dumb -- discussion. Faced with the two following bad scenarios, I will always prefer the first one. # 1 -- you are heavily involved in an investment (that is doing nothing) because all of the fundamentals indicate that what you are doing makes sense (e.g. -- being long QCOM since mid-1997 (as many of us were), watching it go nowhere for a year and a half). # 2 -- you are again heavily involved ... because "the charts indicate that it is an extremely high probability event that the investment will work as you hope." Imagine being a securities salesperson, and calling up a client with the "story" on an investment being solely "technicals." I think it is absurd. Jon.