Hi Joel,
<< Your comparison of Q with AOL ... If you can elaborate more, I'd love to hear it >>
Another poster commented on this in a PM to me. Best I explain, since I perhaps should have qualified it better initially.
The comment was made by MSN columnist Jon Markman in the article I quoted... not by me.
The article called "Give Us Your Top 5 Stocks For The Next Decade" was about the 5 best performing stocks of our current decade (AOL #3). The article opens with this quotation:
"Four months to go now before the millennium. Have you thought about the three or four stocks that you'd like to hold for its first decade?"
Now if I were answering that I would respond with:
CSCO, QCOM, JDSU, MSFT, INTC
These are and will be my Top 5 holdings going into the next decade. Four Gorillas and a King. Backed up by a King and a Prince and a couple of prospective Gorillas.
... back to the article, which transitions into an update to "SuperModels Labor Day Special '99" and includes Qualcomm as one of the "10 stocks balanced among momentum, growth and value styles". Of these stocks Q (+ 12.3%) is #3 in performance since 8/31 (AOL = = 31.3%, Sun + 13.21%).
The author then adds, "I'm wary of Qualcomm's parabolic advance in the past six months" .... "any hint of bad news (earnings slowdown, international trouble or general market malaise) could send Qualcomm -- up an astounding 800% in the past year -- tumbling toward first support around $140, and then $100".
Please note that the article is dated 9/1. I suspect that today (although I'm TA clueless) that "first support" is somewhere in the 180's.
In the short term, I don't know what to expect from year end earnings that will post 11/2 or how the financial community will react.
As for the long term, I fully expect Q to be in the Top 10 of the decade at the end of 2009.
Good to chat.
- Eric - |
