My two cents
I don't profess to be a technical expert on QCOM. I leave that to you, Jim. I don't profess to be an expert on market psychology. I leave that to my buddy Tom. But I have decided that I have valuable input to give. So here goes!
I started to "lurq" on the QCOM threads last October and have devoured the input. All that did was convince me of QCOM's power. Then last Friday occurred. With NO solid news whatsoever, QCOM's market cap rose $15Billion in an hour and a half. I was incredulous. Hadn't everybody in the world decided QCOM was "dead money" Friday morning? That retrace Friday at the close was a House ripoff on low volume. Thanks, Tom, for teaching me to have a good taste of cynicism in that area.
I can't believe that anyone holding QCOM right now wants to sell on Monday morning. I actually, briefly, considered selling some of my QCOM holdings last Friday morning at 122. What a fool! Now at 135? No way! QCOM is coiled. Friday was a warning. Heed it! QCOM can launch at a moment's notice.
I had been despondent the other day over missing good entries into JDSU, CREE, and ELON this year. But I'll tell you, I'm patient and resting very comfortably in the front seat of Spaceship QCOM. What's two months in a lifetime? QCOM is the STOCK of a lifetime. I'm now scared to dabble in others because Spaceship QCOM is on the pad at the Cap. Simply put, Houston is experiencing minor glitches.
Finally, I can't help but recall all that incredible news two weekends ago and how Wall Street shrugged it off? What dopes! I'm sorry. We're getting ready for "reality check" time. We'll see 150 before we see 130. Jmanvegas may be somewhat right that QCOM is "dead money" right. But at the very least that "trading range" is going to escalate.
Oh yeah. When I last went to Cuba for Christmas QCOM shot from 440 to the stratosphere. I got back January 3rd. You may be interested to know that I'm going back to Cuba on March 24th. It could be good charma. I'll borrow your "angels," if you don't mind, Tom. OK? Please feel free to PM me written approval.
Gotta work Sunday. Have a great day on the Porch everyone.
John
P.S. By the way, did anyone hear whether LindyBill bought back his QCOM? He better hurry up because I'm not selling him mine. Are you? |
