Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 170.90

-1.3%

Nov 7 3:59 PM EST

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To: JGoren who wrote (92350)	1/23/2001 4:49:05 PM
From: ratan lal	Read Replies (2) of 152472

Congrats on your long-term faith, since you got in near the high. No faith just stuck and couldnt get out. Kept thinking it was going to reverse having bought into all the hype. Now I am VERY VERY careful with stocks that have a high valuation. Will not take any long term positions in stocks that have a projected 2 year forward of 20. That means I wait to buy at the low which has always come in the last 2 years on high valuation stocks. QCOM closed lower than the hi of the day even tho NAZ closed practically at the high and several stocks rebounded and closed at the high. Ther seems to be no logic in this market any more due to day trading, I presume.

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