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

To: Ramsey Su who wrote (5052)10/28/1997 3:29:00 PM
From: IKM  Read Replies (1) | Respond to of 152472
 
Too much volume in the afternoon. We'll close with a big gain. Last I looked the Dow was up well over 300 pts. This will turn some of the overseas markets around tonight and a virtuous circle will be reestablished from a lower base. It's been profitable for me so far. I've gone long again in a big way on UMG, they had some good news going into the decline, misinterpreted by reporters as bad news. It has had a lot of strength even in the decline. It's less of a trading stock like QCOM. Another shock, and we could lose all the gains today on QCOM, and everybody has been expecting better earnings than forecast. I've always been afraid of that. More volatility ahead. Good luck to longs. I'm not short but I'm on the sidelines.



To: Ramsey Su who wrote (5052)10/28/1997 9:39:00 PM
From: qdog  Respond to of 152472
 
Yep!!!! But Black Monday was a +20% selloff. A 7% hiccup is not in the same league. IF this was a 1500 pt. selloff then that would be comparable.

However, it was a buying oppurtunity and a significant chance to make some money. Don't discount the damage to investor phsyche. There is more fun ahead. Be wise, be smart and forget greed!!!!!!!


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