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

To: cfoe who wrote (91160)	1/3/2001 10:02:08 PM
From: marginmike	Read Replies (1) \| Respond to of 152472

Thanks, the problem with sticking your neckout is people like to take chop's at it. I really believed the Fed was behind the curve. For 6-8 months I have seen the economy unravel. Meanwhille the fed was still raising rates. I also remember 1990-91 when fed was asleep at the wheel. I hope the fed pulls this off, and if the NAZ can rally strongly ot will help his case. I am still to chicken to go long here, but have many business's and some private placement's that will benifit if econ goes well. I am still Bearish, and even when I try to rationalize the Bullish case I still am negative despite rate cuts. I will nible on something on the long side to have some exposure but will remain 90% cash. Not all fed cuts work, ie JAPAN, 1930's and 1974. On the other hand the have most recently. SO who the heck knows what to do! The fact that everyone is SURE we are out of trouble now concern's me as well. If you move with the Sheep you will get slaughtered. Go the other way and 330pts is a full fledged fed rally all in one! I think the statistic is 23% after 6 months after rate cuts. That leaves only 9% on Nas. However the broader market might be more interesting. I think Energy stocks should prosper if economy holds up so will demand and Oil prices. I still think NAZ leaders are overvalued and risky. I think Qcom is also Technichaly looking weak, and is not cheap. I believe NOK will warn this quarter and who knows how that will drag Q down. My brain hurts! I have been sitting in cash(85-100%) for 10 months now and am frustrated that I still see no calm sea to place my cash boat. ARGHHH! Its tough enough to call the damn top now I got to call the bottom <g>