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: Wyätt Gwyön who wrote (123693)	8/30/2002 8:51:50 PM
From: HairBall	Read Replies (1) \| Respond to of 152472

Mucho Maas: I remembered making that call, but I tried to find it on SI and couldn't. The search engine on IHub is much better, so I just pointed out one of the many correct QCOM calls I've made, since you only pointed out the wrong one. By the way, thanks for spending the time to find it for me...LOL I get a kick out of you snobs that think just because I only post about trading, I ONLY trade. Let me tell you a something, there is "no way" I could buy QCOM a few years back and then pontificate about it for years every day on a message board....LOL And, I did buy a core position in QCOM in 1992 and held it into Jan 2000. I was tipped off to QCOM by contacts I had in the telecom industry. In fact at the time my brother was a senior engineer with MCI and I knew several of the MCI directors. MCI was another very long-term purchase I bought in 1980 (my brother and several of my buddies went to work for MCI in the late seventies), sold it in 87 before the panic. In fact I went completely to cash in August of 1987. I even managed to talk my mom into going to cash, which was not an easy task to get a Fidelity employee to do back then. I bought MCI back in 1990 and sold it again in 1998. I have always been partial to MCI as it was my first big winner and I still have several friends that still work for MCI/WCOM. I also bought IBM in 1993 and sold it in early 1999. I could list several more long-term winners, but I will not waste my time. Hell, I had a Gorilla and King portfolio before the term was coined. A couple of those friends still at MCI have lost a big portion of their retirement funds. As I understand it, one of the original MCI retirement plans did not allow employees to sell the MCI stock they received as retirement compensation. Fortunately my brother was lucky as he left MCI to take on the position of Executive VP with another Telecom and sold all his MCI holdings near the highs as he rolled his retirement funds out of MCI. I could continue to list equities I've bought low and held for years, but I would just be wasting my time. I doubt there is little that could be said to change the disposition of some of you that populate this thread. By the way did you sell your core position in QCOM at or near the high in 2000? Or, are you still holding?