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: Dr. David Gleitman who wrote (64478)	1/26/2000 12:12:00 PM
From: RocketMan	Read Replies (1) of 152472

I sold all my trading shares and bought leaps. I kept my core holdings though because I don't want to pay uncle sam any more this year. Also sold some other stocks that I really like, but could not pass up the qcom blue light special this morning on leaps. So let's see, we are between 120 and 130, and if qcom rises a bit above this level in the next 18 months, beofre the time premium deteriorates much, I make money on my leaps. Slam dunk. What are the chances qcom will hit new highs in the next 24 months? $1.25 this year is a slam dunk. $2.00 the following year is well within sight. So at 125 we are trading at 62.5 FY2002 p/e. I expect qcom to still be growing at 50% by then, and much higher if HDR catches on by then, so a p/e of 100 is probable, which would make it trade in the 200's on projected p/e by then, and more like $300+ on forward p/e. So the leaps will be DIM by then, if not much sooner.

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