Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 163.33

-1.0%

3:59 PM EST

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To: waverider who wrote (118921)	5/18/2002 9:25:21 AM
From: marginmike	Read Replies (1) of 152472

wave I believe we will have a continued rally here, and Qcom will go higher. October comes after JULY, which is when Techs peak for that cycle. So far my buy at 28 stoped out and rebuy looks pretty good. I am even considering holding long term. Even if the market gets smacked again I dont believe Qcom will breach old low of 24-25. I think a retest in the next 18 months is possible but I am now leaning more then ever into the longer term buy and hold camp on at least qcom. I am however short Retail and housing stocks so if I am wrong I wont cry to hard. At some point one must realise the winds will change direction. If the market doesnt follow through mon-teus I would start to doubt my game plan, but Qcom at 35Pe is trading 1/2 of any semi stock. Buy Qcom and short Dell/INTC/SMH etc I think its a pretty good bet. I covered my SMH short Awhille back(thank g-d) and plan to re-short it. If I intend to be long it will be through Qcom.

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