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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 170.90-1.3%Nov 7 9:30 AM EST
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To: jmac who wrote (61601)1/11/2000 10:08:00 PM
From: jmanvegas  Read Replies (1) of 152472
 
jmac: Yeah - I'm bullish long term. It's utterly amazing to me to read this thread sometimes. Will there be a correction - we've already corrected 30% from the 200 high. So if Voltaire is correct and we head back to 170 before earnings, do we correct 40% from that 170? This still hasn't been answered yet by Voltaire. If so, that would bring us down to about 100 - an absolutely incredible buying opportunity which will flash before your eyes on the quote screen and then be gone only to head up from there. Will we get there - who knows? All I know is that Voltaire predicted 400 6-8 weeks after the split. Well, we can throw that prediction out the window with the baby. I thought that was a ludicrous prediction when he first made it. Now he is suggesting we go back to 100 (40% correction from 170) - that is a 50% correction from the high. It can happen - anything can happen. Does that change my bullishness for QCOM - NO!!!!!. We will see 250 by the end of the year and 500 3-4 years out. Now that is what I call investing instead of this trading casino mentality that has overtaken every thread I read. You want to gamble - come to my town and we'll show you what gambling is all about. You want to invest - hold great companies through thick and thin and see your wealth grow and QCOM is in the top 10 list when it comes to great companies. Enough said.

jmanvegas
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