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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?
YHOO 52.580.0%Jun 26 5:00 PM EST
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To: bobby beara who wrote (1725)7/26/1999 7:58:00 PM
From: KyrosL  Read Replies (2) of 3543
 
Sorry to barge in, but QCOM can hardly be called a hot list victim, at least not yet. It's down about 9% from it high, about the same as NASDAQ. The inuts are down 50%. Hardly a comparable situation. QCOM will have to go down to the 80s to be called a hot list victim. A very remote possibility IMO. Unlike the inuts, QCOM has real earnings that are currently running at around $4/share which give it a current p/e of 40. And is growing rapidly. A far cry from any inut. If you do short it, watch it carefully and use a stop.
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