Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: waverider who wrote (95100)	3/2/2001 12:55:38 PM
From: surfbaron	Read Replies (1) \| Respond to of 152472

Diamond: I'm in this to make money Verve, not proclaim perfection...although I was once on a perfect wave. :) well don't leave us hanging..details.

To: waverider who wrote (95100)	3/2/2001 1:03:13 PM
From: The Verve	Read Replies (1) \| Respond to of 152472

DH, No, no, no. You're taking my post the wrong way. I'm just playing around... You don't need to discuss your reasoning behind your decisions. I respect your position. I really do. Even if it differs from mine. As I told you before, that's what makes a horserace, differing opinions. You've got yours, I've got mine. Your comforable with your philosophy, I with mine. You're currently bearish, but, deep inside, I sense a bull screaming to get out. That was the basis for my comment. Whether you're bullish today, and bearish tomorrow, and/or vice versa - fine by me. Whether you want to be a timer, a trader, a ltb&hr, or a cash under the mattress kind of guy, you're not any more or less right than the other. I was just joking around. I love you man. Please, don't be angry. That...that...hurts my feelings (sniff, sniff) Verve PS Can't a short term bear and a long term bull just get along? <g>

To: waverider who wrote (95100)	3/2/2001 1:14:36 PM
From: Keith Feral	Respond to of 152472

You are right about excess sentiment. Too bullish - too bearish. You can't make money in this market by anticipating change, only responding to it. For example, I never trade QCOM flat on the day thinking it may move higher. If it is down, I may take a nibble. If it goes up I make sell a few. That is why I throw out all of the indicators except for the Bollinger Bands - sell at the top of the range when you want to pat yourself on the back or give a congratulatory call to someone. Likewise, you have to chip away at prices when things get really hairy. It's kind of funny how much marginmike trades against his own advise. When he starts preaching the doom and gloom of the market, he is usually in there buying. Actually, I was surprised to see how constructive his comments about buying QCOM on this dip were. The one catch phrase I caught the other day though was, "I'd be buying a ton of QCOM if the market was not so bad." How else could such a sell-off in QCOM be created if sentiment was "normal" or positive? It's all about money flow into or out of the market. I would expect that the low interest rate environment will stop attracting new capital. Asset allocation is shifting back towards stock in my opinion. (No way of measuring.) You were right in being bearish on QCOM since $87 if that means you were a net seller. You COULD be right in being more bullish on QCOM at $62 if the market stops going down every day. Markets do turn on a dime for brief bear market rallies.