As a lurker who usually sucks with trading, for me, if NAZ is going to have a REAL bull market, QCOM has to crash first before NAZ can do that. QCOM is a religion, incited by the pipe dream of George Gilder to an extremely obscene level.
I have never seen an stock so much loved, revered, worshiped, defended.
QCOM is not a bad company, I like it to an extent, but I never want to own a stock with such a ferverish following. It is like Chairman Mao's little redbook, unless it get tossed first, we are not going to see a real healthy market.
Of course, the only thing most close to a QCOM following is the "Turnips" following<g>, which I am an active member. |
