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

To: waverider who wrote (94889)	2/28/2001 7:22:59 PM
From: Kenneth V. McNutt	Respond to of 152472

For general information if you have not read your IBD yet today it shows QCOM short interest as of 2/15 at 9,864,369 +2% from 1/15 at 9,660,376 with av. daily vol. as 14,463,750. Are shorters afraid of this stock or have they just been to busy with others or already covered their positions. Any shorters out there? T

To: waverider who wrote (94889)	2/28/2001 7:46:15 PM
From: Uncle Frank	Read Replies (1) \| Respond to of 152472

Thanks for the advice, Rick. I know you offer it with complete sincerity. You're in the process of establishing a more flexible orientation to your own investing style, and I appreciate that it's easy to view ltb&h as unnecessarily rigid. But when I review the lessons of history and the assumptions that led to my adopting ltb&h, as I do frequently, I have yet to find the flaw in identifying, buying, and holding great companies, provided you continue to monitor and confirm the soundness of their competitive advantages and the viability of their end markets. It's an awkward strategy to defend in times like these, but I don't expect the extreme contractions will last indefinitely. And until the wheel turns, as it always does, I find the prospects of steady income from covered calls comforting. uf