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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: John F. Dowd who wrote (2480)1/28/2000 11:43:00 PM
From: marginmike  Read Replies (1) of 19219
 
Flight to quality. I dont think inflation iss the issue. I think its deflation. The PE's were way out there. I love Qcom I couldnt justify the price at 100, how could you justify it at 200? I believe fair value for Q is 125X trailng and 70 forward. That would put Q at 75 a share. It was at 160 two days ago. I do not think it will go to 75 but I think 100 is a reasonable premium. I do not think 200 is. I dont care what the bond rates are.
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