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


To: limtex who wrote (110014)12/29/2001 2:11:20 PM
From: carranza2  Read Replies (2) | Respond to of 152472
 
The name of the game is long term capital accretion and, at a minimum, long term capital preservation. I have a higher threshold for pain as a LTB&H investor whose style anticipates down cycles and (paper) losses. Part of the scenery.

As a LTB&H investor, the only question one asks is this one: "Has the fundamental reason for your investment changed?" Not for me: I'm in Q for 3G royalties and ASIC sales. Though I must confess that Q's own investment strategy seems flawed--in my estimation, there is no longer any need to seed the CDMA market by investing in high risk carriers. Except for this small caveat, the fundamental reason for my investment has not changed.

If you can't take the hills and the valleys, then you are not a LTB&H investor. Sell, preserve your capital as best you can, and hope the alternatives don't kill whatever capital you've managed to preserve.

Seems to me that you need to define your investment style. If you're a trader, trade. If you consider yourself LTB&H, ask yourself the hard questions--has Q's story changed? Things such as Thornley heading the conference calls, not hearing from engineers, etc., are irrelevant to the LTB&H crowd.