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

To: SpudFarmer who wrote (52056)	11/30/1999 3:53:00 PM
From: Murrey Walker	Respond to of 152472

Spud...at ONLY 9 off, I feel like Q is flying!!!!! <G>

To: SpudFarmer who wrote (52056)	11/30/1999 4:11:00 PM
From: Tlac	Read Replies (2) \| Respond to of 152472

Why are corrections necessary? Spuds, Necessary Corrections are neither "necessary" nor "corrections". They are mistakes in the market's process of negotiating proper prices for a lot of great technology businesses. Kelly

To: SpudFarmer who wrote (52056)	11/30/1999 4:23:00 PM
From: 16yearcycle	Read Replies (2) \| Respond to of 152472

Markets work this way in that typically prices move around, and undershoot and overshoot, so the stability you suggest simply never happens. Take a look at a graph of the top 20 or so techs stocks. I hardly even use charts, but the process simply causes the stock prices to feel around for what the market will bare. What you are suggesting would cause stocks to simply rise at the rate of revenues or earnings in a very stable way. But speculators come in and drive the price up and down on news. In the long run, fundamentals win out. A 20 year chart of something like ko looks pretty stable. It's the close up views we take that reveal the day to day swings that get some of us, and me, excited too much.