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

To: The Verve who wrote (93229)	2/3/2001 3:14:11 AM
From: grinder965	Read Replies (1) \| Respond to of 152472

LOL....there aren't that many longs left......just another reason why we will probably see the Q make a nice move upward. Don't want to put the jinx on but the intermediate chart pattern looks really good with a series of higher highs and higher lows - barring a market meltdown or, dare I say it, a major fud campaign, we probably will see $110 - $120 fairly soon. Even the fudmeisters seem to be losing their touch!

To: The Verve who wrote (93229)	2/3/2001 12:45:28 PM
From: waverider	Read Replies (3) \| Respond to of 152472

Verve, the process of learning is often a tough one...especially in the stock market. I've been at this about 10 years now and have gone through all the stages. But I am learning slowly and changing accordingly. Some continue to do the same stupid things over and over...like I was did... -buying stocks on random tips from everyone like dinner guests to talk show hosts and SI posters -using margin to lower my cost basis on stocks that kept going down...BECAUSE a lower cost basis made me feel better -praying to the alter of the ltb&h religion only to realize it is about as worthwhile as any other ONE kind of investment strategy...it works SOMETIMES but not all the time -following gurus and asking for their advice...and acting on that advice like some kind of blind lamb -thinking that TA is a sure bet and following various indicators to provide answers as to WHY a stock is doing what it is doing -ignoring macro economics because I just KNEW my company was great and that it would not fail me -acting like a complete jackass towards individuals who presented investment views hostile to my own...mainly because I had fallen in love with a stock and the Louis Rukeyser "everything is fine" mentality -nearly losing it all when I refused to acknowledge I was wrong...and doubling up and doubling up and doubling up... And about market manipulation... I have been the victim of fraud with a company who said they had produced a blue laser and actually demonstrated a supposed model at their annual meeting. Proxima was the company and I am still waiting for the check from the class action suit. Believe it or not, the check may be significant. Big deal. I have also been to victim of lies with CHS who continued to claim that all was fine when in fact their European office was lying about their numbers. I'm on that class action suit too. THAT WILL TEACH THEM!!! The fact of the matter was that I ignored all the signals and almost went down in flames due to my own stupidity. Fortunately I began to learn. By the time I found QCOM we was trying to recover from the CHS disaster and fortunately I was right this time. Yeah, I feel in love with the company but this time I didn't do any stupid margin games...and when the stock became ridiculous in price I did NOT buy...in fact I sold a few shares for reasons other than what one would think...I wanted to clear out the capital losses from the past three years...and did so with one simple trade...now that was a rush...on the last trading day of December 1999. What brilliance... Then I watched in amazement as some of my friends who I met here almost lose their homes, return to work, sell their cars, blah, blah, blah...all because they didn't understand that the market doesn't give a damn about what investors hope for...only how to return extremes back to the mean. I've had a lot of fun on this thread, but I'll tell ya one thing, it sickens me to see all the same bs happening all over again to people who have been here long enough to know better. It is the same old story... Poster A says QCOM is not going anywhere or may drop and decides to trade it. Posters B,C,D,E,F,G...etc. lash out in their own special ways calling Poster A a complete fool. Shall we number the ways? jvegasman, LG, Jacob Snyder, etc, etc, etc. And when they were proved right? A BIG SILENCE from the real fools who held QCOM all the way up and all the way down. Yeah, yeah, yeah, ultimately QCOM will prevail (I'm pretty sure) and long term is a wonderful way to make money. Heard all the truisms and have said them myself. But the fact of the matter is that this investment game is more about emotion than making rational decisions for 95% of the people out there and the proof of that can be found right here on this thread. I wouldn't be surprised to learn that some folks here have to go to counselors to deal with their swings in moods based on how QCOM acts. Just reading the thread is pretty clear on that matter. Friday was a classic. This place has been a wonderful practice ground for my writing this past year since I took a break from my work and needed somewhere to stay tuned up. Was a great way to pass the time during some medical shut downs too. But now? It is becoming more of a grade B rerun, rerun, rerun...the same mistakes and statements coming from the same types of people. A bit of a bore frankly. But unlike some of the primadonnas in the past I'm not going to take my ball and declare I'm leaving with all the attention demanding oratory that goes with it. I'm part of the scenery around here because QCOM is a semi-permanent part of my portfolio and will continue to be so until something changes inside the company (or outside). But when it is kicked out, and it will be in time, that is when I will lose interest in this place. So all you wiennies who have sent me PMs over the years suggesting that I go away... I plan to be a continual pain in the a--- for the duration. Thank you. (Rick bows) Thank you. Thread cheers. Wiennies stay wiennies. Rick