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

To: limtex who wrote (13262)	8/3/1998 7:32:00 PM
From: Gregg Powers	Read Replies (1) \| Respond to of 152472

Limtex: There is an old cliche that goes "sell down to the sleeping level". You seem too emotionally involved to suffer through a bear market without excessive self-doubt and misery...for your situation, the answer may be to sell. The trouble with predicting bear markets is that if you repeat yourself long enough you are bound to be right. The market acts like poo-poo right now and we are certainly going through a trying period. However, I don't see any way in heck that Mr. Greenspan can raise domestic interest rates given weak Asian currencies and financial instability throughout the emerging markets. Higher U.S. rates would suck capital out of these markets like gas through a '69 Cadillac. Moreover, it's hard to see how stock prices will collapse too far given where rates are today for companies...and this is the key...for companies with steadily growing earnings. That, in my view, is why MSFT is outperforming despite its horrendous valuation. Companies like QC, with tremendous unrealized earnings power, should do fine...even in the bear market that we have been discussing. But none of this matters if you lay in bed every night sweating and worrying. Best regards, Gregg

To: limtex who wrote (13262)	8/3/1998 7:56:00 PM
From: Sawtooth	Read Replies (2) \| Respond to of 152472

<<The reality hard as it is is to bit the bullet and get out with everything you have left now and maybe come back in two or three years time if Asia has sorted itself out and Mr Greenspan has finished teasing everyone about putting up interest rates. Sorry to be so blunt but its what I'm trying to force myself to do!!!>> limtex: It's always tough; we've all been through it and maybe we always are, to varying extents. You didn't ask for my advice but maybe I can make a suggestion that will help you sleep a little better: Make a decision to stay or fold for each stock in your portfolio. Once, you've done that, don't look back but stick with your plan. However it turns out, you at least won't have to go nutz on a daily basis trying to decide what to do. Me? I'm holding onto all the stuff that has excellent three to five year prospects. Barring events that make Mel Gibson's Road Warriors look like a day at the beach, it'll be the right decision. Good luck. ...Tim