ynot,
QCOM has a nosebleed P/E, a great technology and a really exciting prospect in 3G. I'd be a buyer at 120. The 8% break yesterday is only a start in bringing this one back into a buying range. I expect a lot more volatility in the next two months. There will be some better opportunities coming. I have a new tool I've put together called the Slicer & Dicer to help me assess companies that I should even be paying attention to. QCOM ranks #4 out of a universe of 40 stocks that I initially considered worth analyzing. This one has legs, but you are not going to miss the train if you don't get on today. Others that are highly rated on the SlicerScale are JDSU, BRCM, AMCC, LU, RFMD, PMCS, TYC and NT. I'm always looking for new prospects. Some of the things that seem worth a look are JVLN, MANU, TXCC an QLGC. That's a bit of what is going on. But the most important thing that is going on is nothing at all, as in Mr. Market is on vacation, why aren't you?
Just kidding, of course, Ray |
