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


To: Mike 2.0 who wrote (13498)12/29/1999 1:55:00 PM
From: Trio  Read Replies (1) | Respond to of 54805
 
Mike, I can only tell that as a lurker on this thread for several weeks now I also thought about waiting for the split to buy on a post split dip - that was in the 380s. I bought at 390. I bought more at 495 and then more when it dipped to the 460s. I bought because I was convinced by reading this thread and doing the DD that pre-split, post-split, didn't matter. Buy it when you're comfortable with the risk but don't try too hard to time it. Buying relative to splits is Wade (the crook) Cook momentum strategy which violates the GG.

Best of success to you &
Thank you to the thread for your reasoned posts.
Neal



To: Mike 2.0 who wrote (13498)12/29/1999 2:34:00 PM
From: konabound  Respond to of 54805
 
Mike, I have been into QCOM since Uncle Frank convinced me a few months ago. Several times I that added to it and each time I went thru the same concerns of, gosh, I bought at 133, now it is 200, is it too late to buy more. Then I bought and went thru the same mind game at 250 and 300. I just bought more this week when it dipped to 465. Now it is 600 and I am thinking again. All I can say is that each time I bought it went up. I was thrilled when my 133 stock doubled and couldn't believe it when my 250 stock doubled, can't wait for my 465 stock to double! With the split occurring at the end of the year I believe that there are numerous factors that can effect the post split price but in the long run (which is why I own the stock), it should continue to grow. Obviously this is all my new-to-the-game opinion only, but just to let you know what I and probably most others go through.



To: Mike 2.0 who wrote (13498)12/30/1999 12:53:00 AM
From: emmeling  Respond to of 54805
 
Greetings, Mike! One of the lessons I've learned is that it's really hard to time a gorilla. (Actually, it's really hard to time anything in this market...)

I totally lucked out here -- I was thinking of buying more shares yesterday. I hesitated because the stock had just run from 400 to 500, and I had missed it at 400 (bought NTAP instead, in the interest of, er, diversification). It hurts to buy something at 500 when you could have gotten it 20% cheaper just a couple of weeks earlier!

Glad I got over the pain and went through with it. :-)

If QCOM is the kind of gorilla we think it is, there shouldn't be a bad time to buy for years...

--Tracey (feeling no pain now)