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

To: qdog who wrote (8209)	2/8/1998 2:06:00 PM
From: dougjn	Read Replies (1) \| Respond to of 152472

Qdog, I think you'd have a better case of it being too late if the S&P were at 900 on Asian worries rather than 1000, and if the news were now too weeks old. If Q goes to 40 on further big boy exits and market trading back down in its worry range, one has a 20% gain going back to current levels. And I think the 30s are quite possible. 20% is not so trivial that I for one consider it beneath my dignity to pursue. (And I got out Friday at 49.) Now what is the downside? Say someone is able to get out only at 47 on Monday? What are the chances that the stock goes above that level and never over the next few months below it? My assessment is, almost zero. So how does one decide when to get back in. Judgment, judgment. Get back in the next time the market is down strongly and starting back up again. That's pretty darn safe for a long term bull. This situation is I think really a gift because it's relatively rare that the near term situation is so clearly bearish, and the long term one so clearly bullish. Doug