Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 175.07

+2.6%

Dec 3 3:59 PM EST

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To: Kayaker who wrote (89274)	12/6/2000 8:36:25 PM
From: Win-Lose-Draw	Read Replies (3) of 152472

Do you anything about Qualcomm? Why are some of you so dmn defensive around here? The guy said he likes the stock, doesn't like the price. What on earth is wrong with that? It's selling at a near-triple digit PE, for cryin' out loud! Some of y'all are acting like you're three years old and the bully down the street just stuck a screwdriver into your Barney doll. Is no* price to rich for this stock? Would you be buying it tomorrow if it was trading at, say, $2k? Probably not, which makes the difference between the two of you - and with me - one of degree, not of kind. Most people on this thread who aren't going long now have been quite specific in stating they like the company and the prospects. Some of us just happen to think the stock is overpriced, especially considering the way the macroeconomic situation is deteriorating significantly. Ask yourself this: what do you think will happen to the market when if it turns out the surplus has already turned back into a defecit?

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