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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (93493)	7/22/2010 10:19:06 PM
From: Jim Mullens	1 Recommendation Read Replies (2) \| Respond to of 196633

mQ,re: Speculators are heroes, (contd).... If somebody tells me my QCOM is worth only $32 a share instead of the $57 it was, I'm indifferent [except that I might buy another Tonka Truckload. …. Your whiners shouldn't have paid so much for their investments aka houses with debt in many instances mQ, look at this issues from the perspective of the average family / joe 6 pack who was in the market via his savings plan / retirement plan / kid’s college savings plan, --- not from your perspective as a sophisticated investor / speculator. …+ Family with teen age kids close to entering college with their mutual fund down 50%-- couldn’t take any more losses and got out, …+ or, 50 -60+ folks close to retirement, also down 50% and couldn’t take any more losses and got out. …+ or folks just retired having lost 50% in the equity portion of their nest egg, couldn’t take any more losses and got out--- now having to flip burgers to make ends meet. …+ the impact on pension funds --- way under funded with “new normal” significantly lowering future rate of return. ..+ Crisis of confidence with Joe 6 pack leaving the market--enabling even more of the market to be controlled / manipulated at the whim of speculators.

To: Maurice Winn who wrote (93493)	7/23/2010 12:26:14 AM
From: BoonDoggler	Respond to of 196633

Mq, you have been expressing this opinion for 10 years. Isn't there some point where you're not indifferent? Is it all just for the grandkids? I'm waiting and hoping for the day when I can ascertain that the market has it wrong on the other side (and BTW, Jim, speculators are going to help make that day happen). That day is a lot farther away when the market tells me QCOM is worth only $32 a share instead of the $57 it was. If somebody tells me my QCOM is worth only $32 a share instead of the $57 it was, I'm indifferent [except that I might buy another Tonka Truckload to add to my fleet] - provided of course that it's not because the sales and profits have been dropping.