The two-stage tech recovery
. . . . has helped me come to grips with the nature of a "blue chip" tech stock. There's a real tight circle in this area. The first stage of the recovery from what those idiots at CNBC have been calling the "tech wreck" clearly rescued the "blue chip" techs and some others. JDSU, SEBL, and QCOM not participating in the second stage today makes me ask myself questions about their general "blue chip" status.
The "blue chips" to me are MSFT, CSCO, INTC, ORCL, and SUNW. Odd about MSFT. People should be ready to clean out its corporate headquarters. The bastards.
JDSU and QCOM are becoming "blue chip" wannabees. Even though we, as arguably a more informed group of investors, believe one or more of them should have that kind of status. Where companies such as BRCM, SEBL, and NTAP fit in to the picture is a mystery to me. God only knows about ELON and RNWK. I'll ask his "angels" since I own ELON.
QCOM remains a mystery to virtually everybody out in the investing world. I see QCOM stagnating today out of intense suspicion and apprehension relating to the earnings report/conference call later today. If there's ever been a time that the investing community is ready to "buy the news," it may be today. I am so surprised that the investing community has not, or so it appears to me, been paying attention to the incredible news of the last three months regarding QCOM's business deals, arrangements, and acquisitions. To have a disappointing conference call today would shock me.
I'm rambling and, of course, just porchin',
John |
