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

To: Jon Koplik who wrote (57319)	12/28/1999 10:56:00 PM
From: DWB	Respond to of 152472

Jon, The answer to your question is that those people (who are long and own all the shares they want to) don't care. The ones that do are the people who are trying to time the stock, or look for an opportunity to buy more shares on a dip, or get in/out of some short term derivative. QCOM's trend is ascendant. Once you realize that, all the intraday stuff is just filler. I think a great deal of the day-to-day hand wringing on QCOM is humorous. Here we have one of the greatest investment opportunities of a lifetime, and people are terribly upset about an intraday swing of 2 or 3 percent. I know a lot of it is related to options, and the fact that when a $500 stock moves a couple percent it feels like a lot more (cause we're used to seeing stocks at $50-$100 valuations, so a $50 swing gives people weak knees). I don't know about anyone else, but I've seen all the confirmation on the QCOM story that I need, and have had that for some time. To me, all the day-to-day ups and downs are nothing more than interesting short stories, while I'm waiting for the current novel that Irwin is writing (akin to War & Peace) to conclude in 5-10 years. Hopefully he'll write a second volume shortly thereafter... All JMHO, DWB Q10K/Y2K+5

To: Jon Koplik who wrote (57319)	12/28/1999 10:56:00 PM
From: Ruffian	Read Replies (1) \| Respond to of 152472

<But, I guess my big "So what ?" is -- assume a person owns QCOM or GSTRF heavily, understands why it is a reasonable bet that these companies will prevail ("resistance is futile"), is not margined so much as to have to "sweat out" every sharp move, then ... who cares if some funny business may occur for periods of ... ten minutes (?) once or twice a month ?> I have been margined to the hilt for a better part of a year, slept well, and the returns have been FANTASTIC!

To: Jon Koplik who wrote (57319)	12/29/1999 12:10:00 AM
From: Brian K Crawford	Read Replies (1) \| Respond to of 152472

assume a person owns QCOM or GSTRF heavily, understands why it is a reasonable bet that these companies will prevail ("resistance is futile"), is not margined so much as to have to "sweat out" every sharp move, then ... who cares if some funny business may occur for periods of ... ten minutes (?) once or twice a month ? Those who use stop loss orders are the ones that get abused the most by the "funny business". People repeatedly place their stops just under those big, round numbers (QCOM sell stop at 490...). The MM's know where the stops are likely to be, and invest in some well timed sells to push the stock down to flush the stop sells out. It all happens so quick. Bat an eye and its over... Brian