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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: jmac who wrote (988)	1/19/2000 12:30:00 PM
From: The Verve	Read Replies (1) \| Respond to of 35685

Jmac...with all due respect, you are a walking contradiction. You say you are a ltb&h'r, yet you plan on selling some of your position in Q around earnings? Why? To get in IF Q goes lower? (IF) GOOD luck. You are putting entirely way too much stress on yourself watching the day to day movements of Q. If you are a speculator, are heavy on margin, or play options, the short term price swings may be of concern. But if you are an INVESTOR and you plan on holding for the long run, what happens today, tomorrow, next week, even the next 6 months are largely irrelevant. Why sweat the day to day stuff? That is a myopic view. If Qualcomm shot up to 400 in the next two weeks would you sell? NOT me. This race is NOT a sprint. Q's full value will only become completely unleashed over the fullness of time. It's a marathon. Selling a portion of your Q now is like picking off a sour, unripened, green apple, (Actually it's more like picking off the apple blossom) Isn't it smarter to wait a while and pick it when it's good and ripe? I'm expecting at least a 10 bagger in the next 5 years. If HDR goes well, China, and other positive things happen, we'll do much better than that. But it will only happen in conjunction with time. Short term thinking is only going to cause you misery and suffering. Smart investing is a patient man's game. PLUS it's easier too... Ron