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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 165.97-0.5%1:07 PM EST

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To: Uncle Frank who wrote (40607)9/13/1999 1:21:00 PM
From: marginmike  Read Replies (1) of 152472
 
I think today is a BIG headfake. JMHO I like the fact that everyone who wants out is out. All those MOMO uys are shitting their pants. I have seen this at least 5 times in my year in a half with the Q. If we stay at 150 and earn 4-5 dollars in the forward pe we will be arround a 35PE. frankly after Jan we will have a 40PE trailing. Why on earth would I bail now. We might see 130's again, so what? I am in it for atleast the next 5 years. I have done nothing but loose money trying to trade the Q. I will sit and wait!
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