Relax, Kate
Qualcomm is undergoing a three-day options-manipulation period. There appears to be "maximum pain" on open June call interest at 75. Barring bad news over the weekend, it's clear sailing to the July earnings announcement and, what I expect to be, a phenomenal conference call that will clear up a lot of the FUDD (fear, uncertainty, doubt, disinformation) out there.
Qualcomm's fundamentals have never been better and its move to the "Intel model" has been stellar this year. It's just too bad the market doesn't have the ability to comprehend its merits. Frankly, I am surprised.
On second thought, I'm not particularly surprised. I think it was Mark Twain who once said, "Never underestimate the stupidity of the American public." Maybe I said it! Well, regardless, never underestimate it, OK? Moreover, I don't think those so-called analysts are a whole lot more intelligent than the American public.
Just porchin' and looking for that "long line" that my buddy Tom seems to find pretty regularly, John |
