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: golfinvestor who wrote (119050)	5/20/2002 11:08:00 PM
From: waverider	Respond to of 152472

golf...if you mean some upside breakout in the near future, I'd say no price because the market is still in the process of repricing everything. Not until QCOM has based for a considerable amount of time chart wise would I even consider buying it again. And fundamentally, when the industry weeds out the likes of WCOM and AT&T and debt drowning wireless outfits...then it will be the time to revisit QCOM. The point of investing is to get rich. You find a sector or a stock that is in a major uptrend and hang on with appropriate stops. You do NOT buy stocks in major downtrends like QCOM, EMC, etc. The only other kind of stock I would buy would be a dividend play with solid potential for slow and steady growth like WDFC. There, I buy on dips and just keep holding unless something changes with the company. With momentum stocks like QCOM once was, you've got to let the charts make the decisions for you. BTW, back in Feb. I posted here that the minimum downside target for QCOM was $26. It has happened. I now have my sights on $21 if we break $30. wr