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

To: DWB who wrote (119245)	5/23/2002 1:32:36 PM
From: waverider	Read Replies (2) \| Respond to of 152472

As two bulls stand face to face, the crowd waits... Well, you certainly have your mind made up. Me too. :) We certainly have two opposite positions on this one. This reminds me of the discussions I have heard between Mac and PC people. But at least we are still talking. I remember the old days when folks were a lot less cordial, myself included. O.K., as we sit drinking our beer, overlooking the coast, what can we say? Yeah, a lot of people will migrate to the world of wireless tech. Yeah, I'll still shake my head as I watch society drop further into the depths of alienation. But what of the money? Where will the money be made? Market wise, the money is made by buying the unknown, laughed at story and holding until no one laughs anymore. We did half of that with QCOM. Problem was, it was the second part we screwed up. Now we sit with a story everyone knows, in a sector that was once a high flyer, that is now considered an orphan. Round two you may say? No. A basic fundamental pattern in Wall Street is the last rally's winners don't play the next time around. Too much doubt. Just human nature. Despite my negative view of technological devices I am not blinded by it. I want to make money, that's all. So where? Well, two months ago I was posting here about gold saying it was just beginning a multi-year bull run. Said it actually many times. Gold was ignorned, laughed at and thought a paranoid's toy. That would fit me based on my perspective on modern technology, eh? Anyway, thats were I put my money...when gold broke $300 and held. Go back and look at the charts of the major and junior gold mining outfits. Look at the dramatic increase in volume for NEM starting in October 2001. Look at the QCOM chart and most other techs for the same pattern in the nineties. What do you see? Breakouts and major increases in volume. If anyone wants to get back those dollars (millions for many) there is only one thing to do. Avoid stocks in downtrends and jump on stocks showing the patterns I just described. Better yet, if an entire sector is showing the pattern, JUMP with both feet. Yeah, you can trade and scalp points, but it is very difficult to make the 300% I have made so far in Bema Gold (BGO)... ...or the 3000% percent I made in QCOM...losing most of it cuz I was inexperienced. It won't happen again. Time to move on. wr wr