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

To: Jacob Snyder who wrote (81039)	9/21/2000 3:26:42 PM
From: mightylakers	Read Replies (2) \| Respond to of 152472

Jacob, how bout selling naked AAOVM either today or tomorrow ?

To: Jacob Snyder who wrote (81039)	9/21/2000 3:34:18 PM
From: golfinvestor	Read Replies (3) \| Respond to of 152472

Some of the "GoQCOM posters", as you call them, seriously started thinking about buying QCOM back in 1991. Therefore, these posters have a cost basis as low as $1.00 and trading QCOM, like you "trading posters" do, would result in substantial capital gain taxes. The LTB&H approach has worked out quite well for these "GoQCOM posters" if you ask me.

To: Jacob Snyder who wrote (81039)	9/21/2000 3:37:11 PM
From: Keith Feral	Read Replies (1) \| Respond to of 152472

QCOM is a value stock at these levels. It is the fiber and storage companies that are really expensive. I'm not knocking you for trying to buy the company as cheaply as possible. However, your warnings about paying up for great companies is a joke. CSCO, QCOM, JDSU, SUNW, EMC, NTAP, MSFT, ORCL, etc... have all provided people with spectacular returns if they have held the stocks for a long time. (I'm talking years not weeks.) I think that your attempts to cherry pick the cheapest price on QCOM undermines your confidence in your due diligence. I get the sense that you probably overcommit too much capital to one stock. If you are trying to put your net worth in QCOM, you will probably get burned out way too soon. Based upon your comments that you have missed every entry point in this stock so far, you should really consider scaling back the size of your position.

To: Jacob Snyder who wrote (81039)	9/21/2000 4:57:35 PM
From: gh	Read Replies (1) \| Respond to of 152472

I think you bring up some interesting points in your post. I have been working hard to develop an investing strategy that works for me, including time horizon, (I probably don't have as many shopping days left as some <g>), whether I want to invest LTB&H, trade or both, how much risk I want to take and when to fold 'em. I've been a gger since July '99 simply because it works for me. But my game plan has evolved as I got bruised a bit this year. I went into January 2000 thinking I should not have diversified into six stocks, although Qcom was by far my largest holding. But I sure was glad not to have all my eggs in one basket when QCOM plummeted short term. I now know some diversity, say 8-12 stocks, helps me sleep at night. (Well that and a glass or two of red wine in the evening <g>.) The other thing I've been thinking a lot about is valuation. For me it does matter. I don't have to get the lowest price, but now I watch the stock's movement a while before deciding what I'm willing to pay. I've never done a market buy and probably never will. It doesn't suit my temperament. Besides, I'm usually cutting it pretty close money-wise when I put in a buy. And for what it's worth, (probably not much <g>), I've been buying QCOM on the dips too. But I know I can't time the market. I think each of us has to find out what works best for us. gh (very long QCOM)