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Strategies & Market Trends : Value Investing
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To: LauA who wrote (9791)1/29/2000 9:56:00 AM
From: Paul Senior  Read Replies (1) of 78472
 
Too early Sat am. bs.: INT vs. QCOM. Absolutely everybody must be talking about the popular stock International Fuels. Not too many (value investors)likely know about Qualcom though. Here's an update of my 12/28 post (#9463), wherein is I suggested I would probably have to go with the crowd on INT, although my heart was with QCOM. After all, an analyst had just predicted a 12 mo. stock target of 1000 (QCOM was up strongly @ 660 when I wrote). So a month later (after QCOM's split), we have:

INT: my last purchase 12/30 at my high buy price-- 7.1875; close now-- 8.6875. Just a measly 1 1/2 point rise there. (But it is a 20% paper gain.)

QCOM (split adj), then-- 12/28 165; close now-- 110.56. A drop of 55 points translates to almost exactly a drop of 1/3 in price.

So far - and given that it's all on paper and subject to change and being early Sat . am, -- the INT bulls were right! INT beats QCOM. Good thing I followed the crowd and bought INT. GO INT!

I probably need to get some more sleep Paul.
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