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: Jon Koplik who wrote (12035)	7/4/1998 12:57:00 PM
From: DaveMG	Read Replies (2) \| Respond to of 152472

Jon, Thanks for that response on futures.I haven't studied the futures mkts at all but I have always felt that so few contracts, everybody focused on the same contracts, has to make things very difficult. It's as if the DOW stocks were all that existed.How does one get an advantage? I lived in Switzerland as a kid. We used to get 4.25 Swiss Francs to the dollar. I remember very well 1985 when the DMark was at 3/1. Clearly what you're saying makes some sense, the dollar has been much higher in the past.I suppose what's going on inside the index is what's really important. The fact is we've had approx 30-40% appreciation against the DMark and Yen in the past couple of years. This is a large rapid move which has to has to have real world consequences.The mkt's been grappling with these consequences, in conjunction with ASIA.In adition there's the upcomming EURO, which if it succeeds will certainly compete with the dollar. To some extent I'm with Gregg in that I think think we might be approaching a no win situation where our stock mkt as judged by the indexes is in trouble either way. If ASIA/Jap get's its' act together and there's no Chinese devaluation, then cap will flow away from US. If ASIA falls descends into futher chaos, then how long can we keep up this levitaion act? Perhaps it doesn't matter if one's currency goes to the moon as long as one is making products others have to have, although at some point others will figure out how to make these things as well, or as long as one keeps consuming everything oneself. The best scenario I can imagine is one where ASIA stabilizes, the EURO is successful, our stock mkt tops out but within the averages many companies do just fine. SEMIS rebound, some of the overvalued safeplays sell off.CDMA and Q RULE... Got to go. I'm sure by the time I check back tomorrow there will 57 new posts(ggg)...Happy 4th to All.. dave

To: Jon Koplik who wrote (12035)	7/4/1998 7:04:00 PM
From: Sawtooth	Read Replies (1) \| Respond to of 152472

<<The obvious GOOD QUESTION is : since even 16 years is a lot less than one's estimated life span, why can't people just be rational and endlessly hold on to stocks (I'm pretty sure I cannot) -- I do not have an answer.>> Good points, Jon. Here's my answer: Patience is a virtue because it's so darn hard to master well. It requires major discipline. It can be hard work. People like A-C-T-I-O-N. Many view their investments as entertainment more than a method of building wealth. They don't give a roasted road apple whether their stocks go up or down, as long as there's some action, some excitement. Nothing more boring than a portfolio or single stock that does nothing more than increase at a nice steady rate; people want the juice, the buzz. I know lots of people who are always searching for that "magic" stock. They have assembled great portfolios but are always swapping out an excellent holding for that new magic opportunity. They miss a lot of the big moves in their (just swapped out) holdings because they are always chasing the move that's "about to" happen. They have some nice hits but their overall performance is mediocre compared to the people I know who buy and hold great companies for years, and years, and more years. The true investors, the true buyers of a piece of the company just like you or I might buy into a local business, accumulate stunning wealth in many cases. But they don't get the buzz, the juice; and they don't give a sh!t because that's not their objective going into the deal. They don't care about the 10% day because they're getting 10 bagger decades. Now, if I could only have more patience! ; ) Regards.