t2,
Agree with blowout earnings and earnings growth projections. Have been adding aggressively to my core NOK during the dips of the last 60 day consolidation. Last added at 177 yday. Also back in to some QCOM today at 118, but frankly the bounce in QCOM today, although on good volume, and I'm not complaining, is due to all the wrong reasons: technical bounce after a major sell off (the stock looks cheap) and a buy on the rumor phenomenon a la China Unicom deal. Assuming it goes through, clearly, the deal has a long way to go before adding to earnings. This earnings deficiency will be evident next quarter, and the one after, and possibly the one after that. What is lacking from the QCOM picture is the "show me the money" reality that Wall Street craves. Tomorrow, on the other hand, NOK will show us the money. |
