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


To: Venkie who wrote (69889)3/29/2000 6:19:00 AM
From: shamsaee  Read Replies (4) | Respond to of 152472
 
With all due respect,Greg is a momentum investor in a bull market.Not really difficult to do but beware when the tables turn.A friend of mine who I have helped over and over and preached to buy and hold,sold at 142 last week and called me to explain his genius approach that he will buy back at 138 and keep trading it that way because a buddy of his has been doing it and is making tons of money out of it.

This morning he is on the phone asking me what he should do.
My response:"you should not have sold in the first place".

Next question he asks "How high do you think it will go today?"

My response:"Your guess is as good as mine besides I don't care."

His next statement took the cake "I will sell all the CSCO,INTC and put a bid in at 150 for Qcom."

My response:"very good that way you make sure you have neither one of them at the end of the day and you can chase all three of them the next day."

"Any more brilliant ideas???"