Someone PM'd me asking what I was thinking about JDSU and QCOM, I said I didn't own enough JDSU and too much QCOM.
They asked back why I have changed my tune. The Following is my response.
<<Yes but JDSU will do better this year. QCOM is on too many radar screens. My thinking is more market related then company related. The story is still the same for QCOM. We just had a correction, QCOM even tested the low of it, now it looks like we are going to hit that again, ever time a stock does that it picks up more frustrated investors, ones that bought higher, ones that didn't sell at the high, all adding up to overhead resistance, that has not happen to JDSU. Also, it looks to me that there will be vacuum in news this year for QCOM, we will have to live on earnings and HDR testing for the most part this year, with maybe news of a HDR roll out near the end of the year. >>
I will add this, short term it's just noise, long term, the story will only get better for QCOM.
Greg |
