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Technology Stocks : The New Qualcomm - a S&P500 company
QCOM 151.59-0.4%Jan 30 9:30 AM EST

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To: Caxton Rhodes who wrote (10506)5/20/2000 8:55:00 PM
From: jmac  Read Replies (1) of 13582
 
I haven't posted in months. I am still long QCOM although trading in and out of this stock over the past 4 months probably would have made me more money or better yet, selling it on Jan 3.

I read the raging bull post. My only problem with the analysis is that the author applies a 110X earnings to get to a stock price. If I am correct, htis 110X earnings is equivalent to a PE of 110. I read it pretty quick (real quick). I don't believe that any stock is going to be afforded a PE of 110 after this NAZ correction is over.
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