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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 151.05+2.6%10:58 AM EST

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To: mindy1968 who wrote (91080)4/23/2010 6:24:36 AM
From: JeffreyHF5 Recommendations   of 197516
 
No doubt QCOM is every fund's favorite way of hedging its long tech names, against a rising market. Just look at the downside pressures and volumes that have accompanied the last two earnings releases - disproportionate to the facts, and feeding upon themselves. Since the company doesn't see a return to more normalized growth until late 2010, or 2011, it's safe to join the herd so far this year. But like every other "sure thing" trade, one day all this negativity will be replaced by the same crowd again construing all news as positive, and bidding this stock higher. Rumors of the death of growth at Qualcomm are premature IMO, though currently popular. This company, and this stock, are far from finished. The overwhelming negativity and skepticism surrounding both, set up a great contrarian opportunity.
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