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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 174.01-0.3%Nov 14 3:59 PM EST

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To: Voltaire who wrote (44489)10/13/1999 11:06:00 AM
From: Big Idea  Read Replies (3) of 152472
 
My figures say we don't go below $202.

Looked at a lot of things here including the fact that 49.9% of stock is held by institutions. I lot of buying programs kick in after a 10% drop ($222 to $202)
I like the fact that we are not at the 5yr high for ROA
we are also below the 5yr high for ROE - currently 7.4% high is 11.4%
Q is also below the 5yr high on Price/Sales

I believe the institutions are bringing it down to create a better buying opp but at a certain point the ratios kick in and they start to buy, then the rest follow. Keep in mind that 49% equates to over 80 mil shares.

My broker has indicated that he is hearing rumblings of a very solid year end report - which is outstanding!
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