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


To: im a survivor who wrote (59601)1/5/2000 9:11:00 AM
From: Voltaire  Read Replies (1) | Respond to of 152472
 
Should be around 52 to 54.

v



To: im a survivor who wrote (59601)1/5/2000 9:21:00 AM
From: c.r. earle  Respond to of 152472
 
Good Morning to all,

Just a few comments. With all the gloom and doom spread about by the talking heads I thought I would relate some ideas that may calm some investors.

According to the pundits, the recent dip (correction, sell-off) is due to a combination of profit taking in the new year and more so fear of impending rate increases. I say so what! If you recall the previous year every time there was an impending rate increase the markets would sell off and people would comment about the rate increases and the potential for ending the bull market and every time, every single time the markets would rebound and strongly. I would venture to say that this is precisely the same scenerio. View it as a buying opportunity.
I would stick with strong companies actually makeing money, such as Qcom, JDSU, YHOO. Nothing fundamentally has changed in the market. Actually a rate increase would be beneficial to the market.

It is incredible how little some people learn from experience.

I would not be rushing in to buy right now, but would look at entering the market strongly after a 5% or so pull back in the S&P 500. I will probably start at around the 5% mark. It has already sold off almost 4%. If you are carrying Jan calls you might want to roll them over to Feb or March. If you were not nimble enough to sell before the sell off began I certainly would not be a seller right now.



Good luck to all