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: Wyätt Gwyön who wrote (113142)	2/13/2002 10:06:30 AM
From: Peter J Hudson	Read Replies (2) \| Respond to of 152472

MM, I believe your market analysis has some valid points, but you seem to be the typical convert! I have seen the light and LTB&H is no longer a valid investment strategy. Your debate with Art is particularly entertaining because I know Art has been recommending QCOM since 1992, a pretty good LTB&H story even today. I also remember when you sold QCOM and purchased JDSU. That was a good move, but JDSU didn't exactly meet your current valuation models. Bottom line is you can beat the market, you've done it , Art's done it, hell I'm even ahead of the game. I agree that you shouldn't fall in love with a stock, but you shouldn't fall in love with a theory either. There are no absolutes. If you believe history will repeat itself the next bubble is on its way. Good Luck Pete

To: Wyätt Gwyön who wrote (113142)	2/13/2002 11:52:55 AM
From: Art Bechhoefer	Respond to of 152472

MM-->> you need a meta-strategy that perfectly allows you to switch between module-strategies<< A meta strategy does in fact exist if one simply looks for changes in fundamentals. Here are some examples: (1) A temporary glut in fiber optic components creates at least a temporary change in market demand, which certainly relates to the fundamentals on projected growth for a fiber optic company. (2) A change in consumer demand for desktop computers (toward laptops or hand held) affects the demand for certain types of microprocessors and results in fundamental changes in the product mix and gross margins for semiconductor companies. (3) A change in air travel demand caused by fears of terrorism and/or bad, inconvenient service creates a temporary, but major change in fundamentals affecting virtually all airlines. To suggest that one can't recognize these fundamental changes (until it's too late) does not give enough credit to those who look beyond accepted rules of thumb to track price and volume or measures such as price-earnings, price/sales, or price/book value. Art