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 (12546)	7/18/1998 1:26:00 AM
From: Joe NYC	Read Replies (1) \| Respond to of 152472

Jon, I do not believe that an endlessly flat to down price for something is good news for buyers. They have to be EXACTLY correct that the whole rest of the world will later prove wrong. You worry about the price of stuff that you were buying going up when you plan to be a seller. I guess Buffet assumes that there is a significant period of time between the time you are a buyer and the time you are a seller. Joe

To: Jon Koplik who wrote (12546)	7/18/1998 2:38:00 AM
From: mozek	Read Replies (1) \| Respond to of 152472

Jon, I think you're neglecting something important in Warren Buffet's message. He didn't say if a particular stock goes down, he said "stock market". Mr. Buffet has an incredible knack for picking great long term winners. If the stock market goes down, that doesn't necessarily mean that a winner becomes a loser. It just means that you get to buy the winner at a lower price. Historically, there have always been upturns and downturns. Neither have lasted for more than a generation, and downturns have historically been excellent times to buy equities with incredible potential gains during the next upturn. This idea is much different than picking a stock and averaging down until it's zero. Having said that, I do believe that Qualcomm's a long term, Warren Buffet style winner. If so, I also think that, over the next year, most of the current concerns will be addressed. At that time, QCOM should increase both due to increased revenues/earnings, and an increased PE multiple. If the market goes down, that multiple will most likely be scaled relative to the rest of the market giving us another opportunity to buy more of a great company. Thanks, Mike

To: Jon Koplik who wrote (12546)	7/20/1998 11:12:00 AM
From: bananawind	Read Replies (1) \| Respond to of 152472

Jon... OT OT OT.... Well, Jon, if you are not impressed with WB's methodology, far be it from me to try to convert you. Just out of curiosity, to what would you ascribe the results he has achieved over the last 30 years or so? By the way, the hamburger quote is not so much a commentary on stock selection or valuation methodology as it is a description of investor psychology. His argument is simply that a shareholder's euphoria or depression over past market activity in the stock has nothing whatsoever to do with the value of the underlying business and whether or not it is a bargain, fairly valued, or overpriced. -JLF