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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 182.51+3.5%11:35 AM EST

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To: Robin Plunder who wrote (116088)3/27/2002 5:32:43 PM
From: Jim Willie CB   of 152472
 
RobinMan, a voice of reason
I expected in March2001 to see dozens of tech stocks within 12 months to find their paths toward single digits
QCOM started higher, so will take longer
maybe it wont find singletons
who knows?

gold and silver will fly so high before 2005 that it will take our breath away
just like QCOM sweetheart did in 1999
the whole world will be fighting inflation simultaneously
just like dealing with growth simultaneously in 1999
just like fighting recession simultaneously in 2001 and now

the illiterate investors have no expectation of higher energy costs being absorbed into the entire economy
they maintain a mindless notion that the recession cured the energy shortages
how naive
I expect profits to be constrained in two new ways
- higher energy costs
- higher interest rates
these factors will force much lower PEratios

/ jim
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