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jai

03/29/04 10:43 AM

#64899 RE: lastchoice #64894

I currently have 2 different types of investments in IDCC. I have a large (for me anyway) core position which I'm holding till the Nokia resolution. I also played some options in the event that this quarter is better than last. I hope to make a couple of bucks on these.

The quarter to quarter mentality is what the street is about right now. Stocks are becoming more and more predictable by earnings release dates. For traders this is a very good thing. Buy prior to release and sell on news. It only works where you have confidence the quarter will be good.

The fact is because I got caught up in IDCC's story it has hindered my ability to objectively trade. The first rule of investing is never fall in Love with a stock. At $27 a share IDCC was fundamentally overvalued. I did not sell. Because I love the story. LOL.