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

To: marginmike who wrote (117774)	5/2/2002 8:51:32 AM
From: Dennis O'Bell	Respond to of 152472

join the Gold bull, dollar is toast. If your curency declines 30% so does your realitive purchasing power, so staying out isnt enough. You have to put some of these things in perspective - I see a stock I nearly tripled my account on now trading at literally 1/1000'th of what I sold it for, not to mention similar companies like EXDS or GBLX that have simply gone BK. When you've seen things like that, staying out at risk of the dollar dropping feels pretty good. But it's true that currency decline is a real concern. When I returned from France, I moved my savings out of my French SICAV (société d'investissement à capital variable, a kind of mutual fund) and put the money to work here. At the time the euro was well over a dollar amidst rosy predictions... One concern about gold just now is the market is technically oversold - it's probably better to wait a bit and buy gold stock on any counter trend market rally. Of course, we could be on another horrifying leg down to below 9/11 levels with no relief in sight, who knows. I should add that in May 1999, I thought I'd missed the boat on QCOM, so if Gold really goes parabolic there's time .