Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 170.90

-1.3%

Nov 7 9:30 AM EST

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To: Skeeter Bug who wrote (96684)	4/3/2001 2:59:57 PM
From: Sawtooth	Read Replies (1) of 152472

<<present market actions appears like "fear" relative to an irrational bubble top. compared to long term stock valuations, this market is waaaaaaaaay overpriced even after the swift fall.>> Many stocks are. At the risk of boring those who've read my post re:this before; I vividly remember scanning the WSJ market pages in the late 70's - early 80's (Is my timeframe right on that? The memories tend to blend.) and noting that there were very few stocks with double-digit PE's. Granted, as an individual stock, Qcom could fall relatively far from here. I'm not a big believer in "rolling capitulations". The bottom will be marked by outlandishly low prices. Remember the proclamation of The Death Equities! a coupla' decades ago? More importantly, where will these companies be in five years? ........VVVVVVVV

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