QCOM was at 500, not 700, when the ANALyst announced his 1000 target. And since the 4-1 split had been announced long before, and was due to hit in three more days, it was the analyst that was at fault for making things look ridiculous, not QCOM. He should just have waited a week and said, "it'll hit 250"--or better yet, he could have realized what was going on during the previous year and started coverage a lot earlier...
When you think of it, Q is trading in a 500-600 prespit range now, so if you had gone on vacation on Christmas and returned on Valentine's Day you'd never know anything had happened...
tekboy@still,split'sarefun,especiallywithbananas.com |
