JGoren,
My apologies if I misunderstood your comments. After my inial review of your post, I thought you were simply repeating the rantings of other Q-Heads - "nothings wrong with the company - it's the analysts fault the stock has dropped from $200 to $59, Qualcomm is a perfect company, any analyst who says something negative is wrong".
Snyder has made me money in the short-term, and has proven to have had valid points - in the short term. No one person is exact on every issue. I'm long Qcom too, but I can acknolwedge when there are problems with the company - short-term in my view (i.e., a disruption in anticipated royalty stream).
I want to buy additional Qcom - if the price is right. The factors are not in place for a rebound in Qcom's stock price. (Unless there are unexpected annoucements - i.e., Noka/Awe acceptance.)
Anytime an investor falls in love with a stock, they fail to see the negatives. Well Qcom is experiencing negatives, thus the poor price (short-term) performance. If I misunderstood your comments, then please accept my apology. What I said wasn't a ranting, it was factual. An analyst who points out the negatives deserves positive comments. Don't attack the messenger for delivering the message.
According to dictionary.com rant means "To speak or declaim in a violent, loud, or vehement manner". JGoren could you please tell me how you Wharton fellas can infer that my comment was a rant?? |
