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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: RR who wrote (7742)	10/12/2000 11:37:14 PM
From: Sully-	Read Replies (7) \| Respond to of 65232

Hey RR, I'm going to have to come to grips with the sell side of the ledger. That is what burns me. I seem to be able to get the buy right.... I just don't get the sell thing too well though. Heck, I even had a plan & posted it here the other day. I let the same old problem keep me from selling. The indications are increasing that QCOM's CDMA will be implemented in China soon. That will mean earnings estimates for the next couple of years will need to be revised upward. The overall picture for QCOM keeps improving.... GEEZE, there was even more good news on Wed & again Thurs.... multi-million $ licensing agreements, plants in China, etc. As planned, I was watching the RTQ's on Island & the SI streaming portfolio of RTQ's while surfing....... QCOM was holding up OK, all things considered...... I came across a lengthy article on QCOM that explained the clear advantages of CDMA over all other standards..... Message 14557674 ..... needless to say it was quite bullish to this QCOM investor........ I read the article thoroughly....... was so impressed by the article, I read it twice.....took about 1/2 hour or so....... Needless to say when I checked my RTQ's, QCOM had tanked big time....... there was no news anywhere & the market had already bounced back.... except QCOM (& RMBS with the semi's)..... so I let QCOM ride.... Later, I learned it seemed there were some flaky rumors floating around.... weak ones that were the cause for the decline..... I let it ride today too..... I just couldn't pull the trigger..... QCOM's story only seems to be improving I kept thinking ..... just kept telling myself that it would recover..... MAJOR OOF :-\| Needless to say, the two day free fall put me into margin call territory. The above are my silly excuses for being in the position I now find myself in. It is my own fault. I should have sold like I had originally planned. It hurts big time & I am worried it will be worse tomorrow. FWIW, I won't be starting a campaign of finger pointing, name calling or personal attacks, blaming others for my own mistakes. That would be the easy way to let myself off the hook & set myself up to repeat the process over & over. I need to learn to sell when it turns against me regardless of how good the company is in my mind. Preserve capital first & foremost. DOOH! Ö¿Ö Tim