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

To: Teresa Lo who wrote (82789)	10/9/2000 6:23:19 PM
From: gdichaz	Read Replies (1) \| Respond to of 152472

Teresa: Another approach. One way to use fundamental analysis is to concentrate on technologies first and then pick the leaders within the technologies (such as wireless and fiberoptics)second. This is how I found Qualcomm (and JDSU - which was Uniphase in its early days). In this case, if you are right in being ahead of the curve on recognizing the potential of the technology, then the sooner in the better. Straightforward. But you must be prepared for a roller coaster ride and hang on. That's what I have done. Best. Chaz

To: Teresa Lo who wrote (82789)	10/9/2000 6:43:23 PM
From: Maurice Winn	Read Replies (3) \| Respond to of 152472

<I was thinking that in order to build a long term investment in a company, one would have to build it over a period of time, rather than do it all at once, > Not if one is a small fry like me. My little Tonka Truck fills in one day without disrupting the market too seriously. I waited years for Q! after knowing I wanted to buy it. I missed by one day in 1992 the all-time low of $13.30 [no splits] because I told the broker I'd go back in the morning to buy, but first I wanted to visit the company. Next morning, the price had gone to $19, so I figured I better wait and see what happened rather than pay 50% more. So yes, after realizing I want to buy, I wait until the sellers are in a funk. Buying from people who are 'selling at the top' isn't my aim. That always seems risky, because it implies that there are lots of people who don't recognize the company's value and that they'll sell it cheaper later [even though I think it's already cheap]. That means I expect markets to be highly inefficient. Which they continue to be, fortunately for me. The rewards go to those with the correct long view based on company prospects, the patience to buy in a funk and the gumption to hold through subsequent funks. The pure TA people don't seem to care about the real world effects of a company but they just try to model herd behaviour [including their own and other computer or other models]. The mistake TA people seem to me to make is that they don't realize that models have replaced a lot of minds [or emotions] so their TA is tracking herds of models, not humans. And those models are hunting them!! So it is like model-war and the smartest model will win. Those models, including their own, distort the very thing they are trying to predict. A bit like Heisenberg's uncertainty principle - your actions change the very thing you try to measure and predict. A most extreme example would be the guy who decided a particular company was great. So he bought. Next day, he noticed the price was higher. So he figured things were going well and bought more. Next day, his TA showed continuing momo so he piled in more and the price kept rising. He could leverage further purchases on the increasing value of his shares, so he was having a LOT of fun. Eventually, he reached his limit. He saw an even higher quote the next day, so decided to take his profits. He phoned the broker and told him to sell the lot! The broker said "Who to? You were the only one buying!" So, figure out a good company, then buy when the models and people are in a funk. Mqurice

To: Teresa Lo who wrote (82789)	10/9/2000 9:21:05 PM
From: samim anbarcioglu	Read Replies (1) \| Respond to of 152472

IS.com, here's how mine went: I become aware of QCom in 1995, an immediately put in about 15% of my total (I knew "spread spectrum" from way before that, from a military project in the recent past). I did not wait for a perfect entry point. Also, back then, there was no telling what that might have been, it was all over the price. My technique has always been to not diversify, and I was mostly in INTC and DELL. Then, in early spring of 1999 i saw that ERICY kneeled, I knew that the time had come. By the time I got to it, QCOM price had almost doubled. But that only made me deliberate may be for a day or two. So I sold everything and put it on QCOM (with max margin). What a ride that was.. Going faster than anybody ever went, as if strapped to a rocket ship, cutting through anything, with bugs in your teeth. I went all the way up and down the roller coaster, and still here with much the same position, and still considerably above my level of spring 1999, still looking at the sky, and it looks even closer today. best, sam a