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

To: slacker711 who wrote (111215)	1/20/2002 2:25:49 PM
From: waverider	Read Replies (1) \| Respond to of 152472

I don't own the stock so its performance is really not important to me. What is important is the head long rush so many seem to be headed...accumlation of tech things and the self imposed isolation of the likes Jon has so frequently proclaimed here. Yes, minutes of usage are increasing as did the minutes of usage increased when television finally infected the population. But the fact of the matter is, television has become a commodity and so has wireless...a commodity hot wired into people's brains providing just another way to ignore the world around us...the family, the traffic, birds, plants, surfing, friends... Well, you get the point. The other issue influencing my perspective is one that should have been learned by everyone this past 2 years. There is only one thing that matters when it comes to manking money in the stock market...stock price action. All this ballyho about skyrocketing minutes is the same thing that provided false hope for those remining in QCOM since Jan 2000. Executive's predicutions and wishful oratory isn't going to cut it either. As individual investors we don't know a damn thing about what is really going on as Enron proved. And there are more of those "pro-forma" devils yet to be exposed. Buy a stock. Set a stop loss target. Move it up with the price. Leave the ltb&h stuff to the same people who suffered under the same delusion for 19 years in the late 60's to the mid 80's. Pull up a chart and notice the pattern. The bubble has popped. Time to move on. wr