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

To: bdog who wrote (27457)	4/19/1999 2:33:00 PM
From: marginmike	Respond to of 152472

I have no intention on selling anytime soon. I think the stock got ahead of itself, as has the market. I lost a bundle on options, and had planned to buy putts to insure my position. However I think 80% of the downside(in this stock) is behind us. I see 118-125 as an absolute bottom if NaZ continues to re adjust this week(assuming no war or market crash). I am only 30, I have a long long time to worry about getting a good return!

To: bdog who wrote (27457)	4/19/1999 3:30:00 PM
From: Bux	Respond to of 152472

Nobody's losing "hundreds of thousands of dollars a day", except perhaps the sellers. I am amazed how many people are so concerned about the recent price drop. Maybe those people should buy CD's. I took advantage of the recent weakness to add 250 shares at 130.25. Seemed like a lot but I cannot think of a better place to put my assets. I realize QCOM may drift downward in the next few days but life is a gamble. Those who sit on the sidelines waiting for the best possible price may lose. No worries. Likewise, I try not to count my chickens before they hatch (sell). I considered selling above 150 but decided against it. The short term profit would have been peanuts compared to the shares I would not have if the price kept going up. And it will, give it a year or two and I think even the optimists (Maurice) will be pleased. By nature I root for the underdogs but when I decide where to invest, it is no longer fun and games, I buy the heavies. Anyone who says QCOM was/is an underdog, doesn't understand the situation. Any company putting their eggs in the "TDMA basket" is the real underdog. Ooops! I almost forgot. All the major manufacturers are now licensed for CDMA! So where do companies like Nextel and Western Wireless stand? (TDMA networks) Will the exponential growth of wireless be able to carry these companies into the 21st century or will they be bought out below market when they realize they are working with a flawed business model? Bux