Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 177.78

-2.2%

Jan 9 9:30 AM EST

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To: freeus who wrote (93413)	2/7/2001 10:41:18 AM
From: waverider	Read Replies (1) of 152472

The point that seems to be continually lost here is that the market does not give a damn about how "cheap" things are becomming. People go on and on about how we will never see the 70's in Q again, or how this, that or another thing is really cheap. Yeah, well...they keep getting cheaper. Look at NTAP today. It is STILL expensive and so is Cisco. The market priced stellar growth into these stocks and that is NOT the story anymore. QCOM is holding up well because the future still appears to be good. I say appears, because there is still enough uncertainty that the good could be GREAT in the Street's mind. Remember when the uncertainty of GREAT caused Q to go to $200...and then certainty of GREAT vanished with the slump comment. All I have to say is there is still a lot of denial going on in the market and it has yet to price in the recession. I guess, however, you should have used my negativity last week and bought with both hands because I am "an excellent contrarian and I'm fighting last year's war." Amazing...these kinds of defensive comments were the same as last year too...and the errors continue to be made. Good Luck... I mean it.

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