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Pastimes : Home on the range where the buffalo roam

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To: YlangYlangBreeze who wrote (1950)	5/25/2000 7:52:00 PM
From: Boplicity	Read Replies (1) of 13572

I came to the conclusion a couple weeks ago, that delay for the big pay off was too far away for the current valuation of QCOM to make sense, throwing in the recent news, be it FUD or not, and market conditions , only adds to my reasoning. You have a stock that has PE in the 90's (everytime I do this the PE is less and LESS soon we will reach my 70 PE), that should have one that is around 70 which brings the price to around 50 or so. I said, while you were on the beach, <g> that high 40's low 50's was worse case for QCOM, but I feel the market will give a premium to QCOM, so 50's or low 60's which is going to happen soon. Does it mean once it hits the above range I will be buyer? NO! I'll let the market tell me when to buy. Does it mean QCOM will continue to sell off? NO! News could come out at anytime and change the current story. Greg

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