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

To: Jim Mullens who wrote (93500)	7/22/2010 10:35:25 PM
From: Maurice Winn	1 Recommendation Respond to of 196639

Jim, I know about being down 50% [and more]. That's life in the markets when Biotelecosmictechdot.com and housing irrationally exuberant bubble busts come along. Thinking that an irrationally exuberant market peak is a right to a particular lifestyle is a mistake [made by many]. One person buying daily gradually bids a stock to $1000 [with one seller satisfying the buyer's small daily stock purchase]. That doesn't mean that everyone can sell their shares at $1000 [or that the company is worth that silly price]. Especially when the buyer phones his broker having seen his shares go all the way to $1000 and says "Sell the lot!" and the broker says "But you have been the only buyer for months! There is nobody else who wants to buy." Ooops..... Yes, people are not as wealthy as they thought they were at $1000. That's tough luck for them. It can't be made different. That wealth was never there. If somebody tells me my house is worth $10 million, it doesn't mean it actually is. Mindy moans about QCOM being low. I quite like it because then I don't have to think about selling. It's annoying to have to think about selling and what the heck to do next with the money. Paul Jacobs is keen to get the share price up to make automatic share sales after stock options more profitable, even if it means hanging on to the retained profits and not paying it to shareholders before the big tax grab. Mqurice

To: Jim Mullens who wrote (93500)	7/23/2010 12:57:13 AM
From: BDAZZ	3 Recommendations Respond to of 196639

>> look at this issues from the perspective of the average famiy --- not from your perspective as a sophisticated investor / speculator.<< This is the point. Most of those who lost their shirts were the average guy who for years put money into their pension funds. They knew nothing about the fault lines of the market. They were preyed upon by market terrorists, working hard to make the naive believe they were losing everything, and panic them into selling. This should not be part of our stock market. This kind of behavior breaks the market as we know and want it, and will eventually leave only the terrorists to canniblize whats left. >>.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.<<