Fatty's Donut Shop Message Board

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Strategies & Market Trends : Fatty's Donut Shop

KKD 21.00

0.0%

Aug 4 5:00 PM EST

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To: Matt Brown who wrote (3720)	9/30/1999 5:17:00 PM
From: Vision	Read Replies (2) of 5041

Fatt Matt, "Qualcomm said fourth quarter earnings, excluding non-recurring charges, will meet or exceed First Call's consensus estimates of 88 cents per share." Looks good to achieve profit of $3.4 per share (estimation 2000). A very good stock , but be careful. They own a huge P/E!! If the market experience a correction , the high tech companies with a huge P/E always get the biggest correction. I don't believe that will happen, but always possible, look at the interest rate, US stock market about 20% too expensive... if interest rate move up: US stocks market become more expensive and you will see a correction if interest rate don't move : no bad news, only good news (whole economy)the correction don't take place (situation now) if interest rate move down : happy US-trading Manfred

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