MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: bobby beara who wrote (49548)	5/6/2000 11:51:00 AM
From: marginmike	Read Replies (1) of 99985

Then we are in agreement. I get touchy when people lump Q in with companies like Yhoo and AMZN which in my mind arnt worth 1/4 of their stock price. The bozo's on CNBC mocked Qcom as overvalued at 60(240) a share which is about 50 PE now. In realitive terms to alot of big cap tech like CSCO which has not nearly the growth potential of Qcom is 2-3X the price and PEG. I am hoping to buy my Qcom back at arround 75-90 range, which is 50 times next years earnings. I think its not cheap but a fair value to pay for the NEXT tech powerhouse. I originally bought Qcom at 4-6 a share, it was tradiing at a forward PE of 18, and nobody would give the stock the time of day. I also owned CNXT, JDSU(UNPH), SNDK, SSTI at single digit prices. I sold them LONG ago because I fealt they had gotten to far to fast. I hope to be able to get them back, especially ssti, Sndk but Ill wait for the fire sale.

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