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


To: Wyätt Gwyön who wrote (123660)8/30/2002 12:50:36 PM
From: HairBall  Read Replies (1) | Respond to of 152472
 
Mucho Maas: I pointed out several things in that post that QCOM needed to do to continue its rise to the lofty levels I was expecting. That is how I plan all my trades up or down with levels, trend lines, price patterns and fib/gann points, all used to re-examine my expectations along the way.

I was on record expecting the Sept 2001 low to hold. I was wrong, but as always I had target levels to get me out if wrong. And, I did make a "real time" public post on IHub expecting 7/23 or 7/24 to produce at least a medium-term low, and that has proven correct.

I have never claimed that all my expectations are right. I am no guru. Anyone that corresponds with me regularly knows that I almost always provide "ifs" in my expectations and often things to look for that will prove my expectations wrong.

However, I am smart enough to use "stop loss points" just in case my system does not get me out. So, I always know up front what my maximum loss will be. In case you have never heard of it, it is called risk management.

By the way, I am having a good year, how about you?

LG