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

To: Ingenious who wrote (74052)	6/16/2000 12:45:00 AM
From: Boplicity	Read Replies (2) \| Respond to of 152472

re: But it was dead on wrong from the price point of view.' I'm so glad someone saw that. By the far the most important piece of information in that news release. The market for the most part doesn't give a damn about the fundamentals when you investing a story stock like QCOM. You have to buy when promise of the story is sufficiently ambiguous and at the same time will be easily understood by the masses. I'll put it another way, you have to buy when the promise is not realized or thoroughly defined and wait for the masses to get it while all along keeping and eye on when the story changes. For QCOM the first hint of a story change and how widely QCOM was being followed was the slow down in the first qr. and how the market reacted, that was the tell, the indication if you will, that the market was beginning to understand the QCOM story on a much too wide a scale then when this thread was populated by die hard QCOM investors for years on end and QCOM was flat line. Furthermore, SI thread tone and who populated them on SI are fantastic indicators of what stage a stock is in. The market is all about how human perceive the current information at hand and how it applies to the companies prospects going forward. The above is what is meant by his statement of price point of view. Greg