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Strategies & Market Trends : Shorting stocks: High fliers

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To: ynot who wrote (680)7/8/1999 12:38:00 AM
From: Mad2  Read Replies (2) of 709
 
Qualcomm, Nextlink and Teligent for the big gamble. Motorola for the comeback stock. MOT has been hurt pretty bad by misjudging the cell phone market. If mgmt hadn't screwed up with IRID and focused on MOT's strengths (wireless communications) they should have owned the market. I live in Ill and MOT is a big employeer. Last year they went through a series of layoffs and reductions (ie read eliminate past mgmt and hiring mistakes. Now I heard on the radio that they're hiring 1400 engineers at 60 locations around the world to support product development in the wireless area). Anyway MOT is a bit more conservative approach whereas Nextlink and Teligent are gambles on fixed wireless/broadband. Nextlink is better funded. Qualcomm is a bet on CDMA G3 technology. If your interested in wireless you need to understand and stay on top of that issue.
All that said I'll tell you I don't own any high fliers as I think the market is toppy. My longs are low p/e stocks that I deem have very little downside. Should things tank and the highfliers get hit I'd run with qualcom and or nextlink for a telecom stock
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