To: Labrador who wrote (64677 ) 1/27/2000 7:40:00 PM From: Ponderosa Respond to of 152472
I think this SnapTrack thing is big for QCOM... Like pretty well every one else, I've been agonizing about the paper profits vaporizing of late. My panic induced solution was to search far and wide for some other stock opportunities that have as much potential as QCOM. While I'm still happy with my JDSU & GBLX, like a lot of you out there, I'm even more than satisfied that the next QCOM is QCOM, so, I'm a holder for the long haul. There's not much else out there to buy that has so much going for it IMHO. In a way I feel sorry for the "trigger finger" crowd who have sold out... obviously, if you needed the money soon, (e.g.,if you have to pay back that margin or pay last year's taxes), it sure seems like a good idea to book some profits now and suffer that tax next year. But, if you don't need the money soon, I say hang tough. I've yet to find a market timing solution for QCOM that pays... so, I've come to the point where I'm relaxing a bit and seeing the longer term picture. When it comes to pictures, QCOM is a "Rembrant", (except that it is a lot more liquid and you won't have to wait too long for the financial rewards). My guess is that at least by the end of this year, we will be at significant new highs. In a self satisfied kind of way, I like the idea that the "trigger fingers" out there are helping to sustain the budget surplus by opting to pay all those capital gains taxes... good for the economy by paying down the debt and so, good for QCOM. As well, by the time they figure out that it is time to get back in to QCOM, probably they will be late, certainly will have to pay taxes next year, will buy back in at a higher price than they sold and will be sad that they didn't have more patience. Forgive the rant... was just in the mood.