Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.01

-0.3%

Nov 14 9:30 AM EST

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To: Ruffian who wrote (58915)	1/2/2000 6:03:00 PM
From: Jenne	Read Replies (2) of 152472

Can we ever say enough about Qualcomm (Nasdaq:QCOM)? When this stock announced its 4:1 split we thought it would be much higher, but to be honest we didn't see it going to 176 1/8 (that's over 712 split adjusted!). But one prominent analyst said he thought the shares were worth $1,000, and thus began our rally in Qualcomm this past week. We doubt Qualcomm will rest too much until it hits its (post 4:1 split) $250 target, just as Amazon.com (Nasdaq:AMZN) refused to do when Merrill Lynch's Henry Blodgett set his lofty target on those shares. But remember what happened to Amazon after that target was hit--profit taking set in and the shares lagged for several months. We're not putting Qualcomm in the same boat as Amazon, but we are saying that for those of you who have made a fortune in Qualcomm, don't fall in love with your stocks. Stocks go up and down, and Qualcomm will be no exception. Be smart, reduce your margin positions, and try to buy on dips instead of run ups. SMARTPORTFOLIO

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