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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Voltaire who wrote (392)9/11/2000 3:23:07 PM
From: CAtechTrader  Read Replies (2) of 65232
 
Some Math:

The shorts trotted out a 3 week old piece by Montgomery saying QCOM MIGHT miss this quarter by $.01, QCOM down 3.25 as we speak...The market is placing a P/e on that old cent of 325X! Think about it...this is FUD at its best...I could be wrong but I smell a bear trap...325X pe on a cent "maybe" missed is a joke...QCOM itself has not warned and we know they are always up front on this sort of stuff, meantime, I believe things are moving very fast in Asia.
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