Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 180.72

-0.1%

9:30 AM EST

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To: Doppler who wrote (62994)	1/19/2000 12:13:00 AM
From: Uncle Frank	Read Replies (2) of 152472

>> Still, I think history shows us whether it is Japan in the 80's (90% drop from pe's that were less than tech is at now), Biotech from its last boom, or tulip bulbs 200 years ago, that abnormally high PE's DO trend back toward their historic values. I think your perception and stated approach is very prudent, JBL, and is one that is fully endorsed by the strategists at ML. Q is set to fall from these dizzying heights, and only the investors with money in hand will be in position to capitalize on it. The 200 dma is about 75 at this point, and would represent an excellent entry point. Just hang on to your cash until we get there. Buying at any higher level would be gambling. If you get itchy to buy, just remember the tulip bulb crash. uf

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