Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The New Qualcomm - write what you like thread. -- Ignore unavailable to you. Want to Upgrade?

To: kech who wrote (1459)	1/29/2000 3:32:00 PM
From: DaveMG	Read Replies (2) \| Respond to of 12231

It doesn't seem to matter that it will earn $2.75 in 2-3 years and at a multiple of 70, since it is growing at 50%, would be worth close to $200, easy. Almost a 30% rate of return per year for three years. What kind of return is 30% when you're used to 2000%?<g> HiTom.. there's something about QCOM which elicits very strong reactions, like a spectacular and mind numbing babe.. At first they're infatuated,then they fall deeply in LOVE, then the pimples start to show themselves where before there were none and the hangover starts to set in. Things go to the other extreme. She doesn't live up to their exagerated expectations, they revile her. The cycle begins anew, a different set of suitors perhaps. This may be obvious but the thing is in times like this trading issues just simply take over, not because most of the lovers who've been buying are infatuated and don't understand what they're buying, which is probably at least partially true, but because they're all getting whupped. Every single applicant who bought a share since Paine Webber's DEATHKISS and who still holds onto the dream is losing money. These huge volume days..so many of them, all lovers losers, hence sellers. Must be pretty bad for some, 30-40% losses over a few weeks, reasonable prospects for greater rejection ahead. Hard to make rational decisions with that kind of humiliation weighing on you. And anyway, this market's been so irrational for so long I don't see why it should change now? On the positive side, LindyBill has been selling, which in the past has marked the bottom.. And to you Maurice..Had I known your suspension would only last for three days when I penned your eulogy I might have had other things to say.. Dave1

To: kech who wrote (1459)	1/30/2000 1:26:00 PM
From: Catcher	Respond to of 12231

tom...maurice...agree that q has seen greater percentage drops in shorter time frames in the past. the diff this time around is the SIZE OF DOLLAR LOSSES folks are experiencing. on split adjusted basis...assume one held $10,000 q three years ago & it dropped 30%--that was a tough $3,000 pill to swallow. difference today is that the $10,000 grew to $300,000 and a 30% drop means a (paper) loss of $90,000--ouch. still long & strong on q personally but i think this is why the belly-aching is so much greater this time around. a nice "problem" to have i suppose.