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Pastimes : The New Qualcomm - write what you like thread. -- Ignore unavailable to you. Want to Upgrade?


To: waverider who wrote (465)10/1/1999 1:06:00 PM
From: qdog  Read Replies (1) | Respond to of 12254
 
1. Cycylicals...you have to be a good market timer to make money. Not likely

Not really a good timer. You have to be more discipline and have a basic understanding of their fundementals. They are such that they are tied to the economy, which really all stocks are for the most part. Get caught up in the cheerleading and retail analyst commentary and you probably will get crucified. I certainly would not put my money in lumber stocks when interest rates are going higher and housing industry is turning down. But at some point in time you would invest as it will not stay depressed forever. Conversely you have to set a discipline price target after you buy.

2. JohnG's comment about an Arab farting...exactly. I want my companies to control their destiny...not random methane.

I don't believe that any company has control of it's destiny. Market forces, consumer sentiment, governmental shennigans, natural disasters, standardization bodies, etc. have pulling forces on the destiny of a company.

Take for example MSFT, they ran for along time controlling their destiny, but their is considerable question of it's market dominance due to their legal morass, which has open the door to competition. Right now they are not in control of their destiny, so to speak. Market forces are now in the early stages at tugging at their market dominance. Removing my anti Mr. softie bias, I would be a seller and not a buyer of the stock as I feel there is a real question of them losing market share, which puts their profit and revenue growth at risk. So they are going to possibly be subject to market forces of competition. If they were to lose a considerable amount of market share, then I would at some point consider buying them as they have a branded name and a core following.

3. Don't worry about future doom and gloom. We don't know, we can't predict it, we...oh never mind

I don't worry as it causes gray hair and health problems. Nothing goes up forever, the market does have gravity to it.
Well I do worry about 5 foot putts...........