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

To: samim anbarcioglu who wrote (75348)	7/3/2000 3:05:10 PM
From: Jacob Snyder	Respond to of 152472

re: shorting GSTRF and QCOM: I'm not sure if you are serious or not about that suggestion. I swore off shorting recently, when I became convinced the Fed was almost done, and that we probably wouldn't get a recession in 2001. I am currently 98% long the market, so I would have to sell something else, or use margin, to make more QCOM purchases. My first purchase of QCOM was on 6/28/00, at 60 1/16. I intend on making further purchases, of equal size, every 5-point fall in the stock, from here on. If it doesn't fall any further (and 60 looks like it's support), then I'll just hold what I have. I'm not smart enough to know where, exactly, QCOM or GSTRF will bottom, and the general market environment is now positive, so I think shorting is not a good game to play. But if I was shorting, the satellite companies like GSTRF have been excellent short candidates, and will continue to be so (until they are all delisted).