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

To: gdichaz who wrote (114448)	2/26/2002 12:33:14 PM
From: Wyätt Gwyön	Respond to of 152472

hi gdichaz, Or is it that you are now, and will forever be, inactive in every sense? last time you posted to me, the stock was at 61.99 and you said these bargain prices won't last. you were right: now it's dropped more than 40%, so i guess that's maybe a bigger bargain even yet (though not nearly the bargain i'm looking for). in my response to you then, i said i thought bonds would outperform QCOM over the next decade. my bonds have slowly gained in value since that time (early december). meanwhile, QCOM is down big and would need to gain more than 70% just to get back to square 1 where you posted that it was a bargain at 61.99. so my being "inactive in every sense" seems to me a lot better than being "active in a moneylosing sense". and to answer your question, i will remain "inactive" until i am quite sure that i can be "active in a moneygaining sense". that is a funny trait of mine--i don't like to lose money, and i would rather make it slowly than lose it quickly. also, i do believe tech stocks will eventually be attractively valued. some people who are good at TA, like Jorj seems to be, may be able to gain that sense of confidence based on short-term technical trends. i am looking at it from a fundamental perspective, so i need to see a valuation that would provide an ex ante expected return which is attractive for a US company with under $3BILLION in revenue.