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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Apollo who wrote (37583)	1/6/2001 12:56:35 PM
From: gdichaz	Respond to of 54805

Apollo: As I have said before, there are two primary and I believe fully appropriate reasons to sell any stock in the absence of fundamental change in the company's prospects. Personal need. A better alternative. Protection against the first is important - to minimize that happening. But even with a nest egg, sometime something happens which calls for substantial money and if so, selling may be required - unloading weakest first but sometimes the strong as well. When there is a better alternative, some shifting around makes sense. The best way to deal with this is to have the best "trial" companies in your portfolio already and shifting around among them as opposed to selling the Q, but if there is a major new potential, some Q sale may be sensible. I don't see a need to exercise this option now - for me. If fundamentals change, then a careful review is required. As I have mentioned before, that happened (in perception) in Cisco in the mid 90's when Cisco was supposed to be falling behind its rivals in routers. In the event, Cisco went on to new gains in market and price. Based on that and other experience, the burden of proof is on selling, vs holding while watching - for me. Again, I am trying to answer in the specific (and IMO unique) case of Qualcomm. I see nothing which is so damaging to the fundamentals of Qualcomm as a company to require selling yet. Just my view, of course - and in my specific individual circumstances. To me, Qualcomm's success in the data wireless/internet (intranet) nexus is crucial. Not clear now. So, I hold. But everyone here is different, so to each his/her own. Best. Cha2 PS As for a specific event, no single one would trigger a sale by me. If however, it became clear that Qualcomm was losing both in the data wireleless area and its new initiatives were failing, then I would think long and hard, and begin to lighten up probably.