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

To: METMAN who wrote (27767)	4/21/1999 12:22:00 AM
From: dday	Read Replies (1) \| Respond to of 152472

Metman, could not agree with you more. George G. and his tirade about liquidity drying up is all wet. Having been in this business professionally for 18 years, volume is greater today that 5 years ago,.....volume 5 years ago is greater than the 5 years before and so on and so on. Undoubtedly, with all the on-line trading, research, instant access to financials via Edgar, forums such as SI and the apparent inevitability of 24 hour trading, liquidity, as measured by access to markets and volume, is only going to increase. As our country (USA) moves to a more privatized retirement system ala Chile, investment in business via the stock market will become second nature to Gen Xers and beyond. George, it is not something that this 'Grizzly Old Veteran of the tape fears. Rather, he welcomes these challenges and relishes the opportunites they present. My friend--------------- There are more people on the planet. They need more food, medicine, housing, cars, and, of course, Communication Devices...........aha!!!! Real rocket science you know....LOL..... Who is going to provide all these goods and services??? Not governments-- my friend-----------that idea collapsed along with a famous wall in Germany.............Corporations, businesses, people-----That's who will provide.. You participate by owning stock. So, simply figure out which companies are best positioned to benefit from emerging trends and technologies......buy 'em, monitor 'em and they will show you the money. I would submit that it is hard to find a better situation than the Q at this juncture. I personally believe in overweighting the portfolio as too much diversity is like what Margaret Thatcher said about consensus in diplomacy------------"Consensus is a lack of leadership" (or something close to that) To me, too much diversity is a lack of leadership and conviction. So, my friend, come along for the ride. As a final and more sobering thought, I would give some credence to the the argument, if it were presented (and it may have been) that a spike or rise in interest rates could cause some contraction in valuations. Yet, even in this scenario, I would rather be positioned in the best companies and take my chances.

To: METMAN who wrote (27767)	4/21/1999 11:29:00 AM
From: George Gotch	Read Replies (3) \| Respond to of 152472

Full time. I guess that comment was more directed to blind optimism not at the "Q", which, by the way, I congratulate on an excellent quarter. It is refreshing to see a company blows earnings out rather than massage the numbers. I just get many comments from net stock traders justifying things at la la levels based on perceived success. Of course then the stuff gets hit 30 percent and they wake up. I just have been in the market for a while and follow general rules. 1) Trust a company as long a the stock goes up 2) Always have a backup plan 3) Never believe fully what I read on the market 4) Be ready for the unexpected. It is not that I am negative on the market or companies more so on the masses assuming things will go crazy on the up side. Also, all these newbees that haven't been through pain bugs me on the complacency.