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


To: Dwight E. Karlsen who wrote (66660)2/13/2000 11:19:00 PM
From: Uncle Frank  Read Replies (1) | Respond to of 152472
 
>> if you're still in the black with a qcom position, nothing wrong with riding out this weakness in the stock. And if you're holding a losing position, there's nothing wrong with closing the trade and putting your dollars elsewhere

But it's the same stock and has the same growth prospects regardless of your cost basis. If you believe it's going to appreciate, don't you think you should hold on in either case?

uf



To: Dwight E. Karlsen who wrote (66660)2/13/2000 11:22:00 PM
From: Ibexx  Read Replies (1) | Respond to of 152472
 
Re. but most investment advisors suggest selling your losers

This phrase separates the visionary from the rest - how do you define a winner or loser?

Fourteen months ago nearly all brokerages downplayed QCOM as a loser - or at least not a winner, because they were sure whether the company would beat the whisper by a penny or not. The rest is history....may I now conclude you didn't get in Q* until it was well on its way?

Oh well, fortunately my next week's room and board do not depend upon traders' perceptions.

Cheers,
Ibexx



To: Dwight E. Karlsen who wrote (66660)2/14/2000 1:04:00 AM
From: waverider  Respond to of 152472
 
Dwight...what does it matter what a person paid for a stock?
Why would a person dump Q if he was in the red, and not a person who was in the black?

This is one of those constantly repeated Wall Street myths that make no sense at all.

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