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

To: CDMQ who wrote (13267)	8/3/1998 10:05:00 PM
From: Sawtooth	Read Replies (1) \| Respond to of 152472

<<I'll wager that it is true virtually %100 of the time that the major mistake we have all made in our investments is that we sold, especially in the last 8 years.>> CDMQ: With very few sales exceptions, I fit into your "all" as stated above. Seems like with any amount of common sense, plus some study and practice, picking the outstanding companies is the easier part. The softer side, the patience, the courage, the discipline; these are what separate the yacht-shoppers (or whatever your pleasure is) from the made-a-little-in-the-market-types. Without exception, the relatively few people I know personally who have accumulated outstanding wealth in the markets are the ones who could spot a fantastic opportunity in the early stages, bought only exceptional companies, and gave virtually no thought about when to sell. One example is a very close friend of mine who turned $50,000 into well over $1,000,000 (on paper today, anyway) buying two companies that fit the above criteria, glanced at the price every couple weeks or so out of curiosity, and still holds the stocks. His target holding period, WB's famous "Forever". He gets his market amusement not from the continuous ups and downs of his holdings but from the panic and hysteria he observes in the "investors" he runs into on the street each day. Qcom seems like it fits his criteria very nicely (but he isn't a techie). Apologies for my long winded response but the topic seems very timely to many today. I appreciate your insight. ...Tim

To: CDMQ who wrote (13267)	8/4/1998 1:17:00 AM
From: Asterisk	Read Replies (1) \| Respond to of 152472

I think that everyone forgot to ask Gregg an important question: Will the monitor be unplugged or plugged in when you introduce it to your gullet? Someone once told me something about Las Vegas that I think applies here. They said something to the affect of, take only the money that you can lose. Leave your credit cards, ATM and check book here. Once you get there you will be enthralled enough that you may want to overspend, just remember to take the money that you can lose. Stocks in my opinion are a lot like 'Vegas. You only put the money that you can afford to lose into stocks. If you hit bonus, if not then save and try again. There are very few people that will make a living here and many that will end up road kill run down by those that do make their money. Everyone here should be spread out in many different stocks, some high risk like QCOM some stable like Utilities or something. The ratios that you work out for the amounts that you have in each is up to you and whomever you sleep next to. If your ratios are wrong, neither of you will get much sleep because of your tossing and fretting. If you go for the pure QCOM play more power to you, but I wouldn't expect too much solid sleep until next year sometime! I realize that some will take umbrage at this but hell, were all just dabbling really. It is the people like Gregg and the pension fund managers that really have the power! Where their money goes so goes the market.