Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.01

-0.3%

3:59 PM EST

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To: 100cfm who wrote (48953)	11/10/1999 6:25:00 PM
From: 16yearcycle	Read Replies (1) of 152472

6 is too high, imo. But 600+ might not be too high at year end, if we start doing stuff like using a forward pe of 75x next years(8.50) e. There is always danger selling a true monster. In July 1997 MSFT ran up from 118 to exactly 150 while I was on a trip, and it was 60% of what I had and I was margined. I had bought years before at what was then 12-16, so it was crazy and made my skin crawl seeing it explode. I thought I was blowing it not acting becasue I was on a trip, so I sold about 1/3 and bought back at 130, and it fell to 115 by year end. But it's now at the equivalent of 350. I paid taxes on those gains and it is higher by well over 100%. Why bother with all the extra effort timing it when, in the above best case scenario, there isn't that much of an advantage anyway? On the AMAT thread, everyone but Brian K, Gottfried M, and a very few others has tried to time that mother for a few years. All the guys who got it right in 1996 are gone becasue they blew it in 1998. Meanwhile the ones who held through the 1 year, 60% drop are up from 11 to 100 in 3 1/2 years.

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