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


To: Peter Greenhill who wrote (60334)1/6/2000 7:43:00 PM
From: jmac  Read Replies (2) | Respond to of 152472
 
I wish I could be you. I am not sleeping well. Today was especially bad as I have covered calls against my stock but they did nto go down nearly as much as the Q and are now affording me little protection.



To: Peter Greenhill who wrote (60334)1/6/2000 8:11:00 PM
From: Frank Ellis Morris  Respond to of 152472
 
Peter i want to respond to your comment about missing the northern move when you are out of the market. I am going to post a message I wrote on my home thread for all to read here.

I often said to myself how nice it would be if we could see a major correction coming and then sell and get out of the way and buy back at the bottom of the wreck. Everytime I have tried such a thing the Nasdaq may fall a couple of dozen points and then I would wind up buying the same damn stock back at a higher price. I decided to stay put and looking back yea it would have been nice to get out of Qualcomm a couple of days ago when it hit 200 or CMGI when it was 336 but who the hell knows what was gone to happen?? Heck I did not think we were going to have any correction until at least after February but I was wrong. In the mean time looking over the long performance charts of companies such as JDSU, CCMGI, AOL and now Qualcomm I do not see anywhere else with such long prospects. Volatility is high but it is the price I guess we have to pay for the future gains.

Best Wishes for a speedy recovery in our Nasdaq and tech stocks.let the damn manipulators have their fun but do not let us realize any losses. As for everybody else they can have the beer cans, soda and razor blade stocks. I would rather stick with the beatened down out of favor darlings we now have. Wealth is ours for the waiting. Maybe not tomorrow but you can bet your bottom dollar that the sun will shine tomorrow. Wait a minute this is starting to sound like something I heard before. Excuse me Annie

Best Regards
frank