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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 173.43-0.8%3:59 PM EST

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To: slacker711 who wrote (143961)7/25/2006 4:00:28 PM
From: limtex  Read Replies (2) of 152472
 
slacks - NAZ up over 10pts and also up for the 2nd day running. That's a record in the last couple of months. Q down nearly $1and following its usual pattern of up first thing followed by a decline for the rest of the day. One sick stock.

P/E of 15 seems to me like a level that the stock could begin to base and grow so that it could run in a range from say low $20s to low $30s for the next couple of years or until there is a renewed interest in equities again.

The EU announcement could be worth $1.5 to $2 down and the trade commission if it comes in bad could the same amount again and that gets us within a $1 of the $20s.

Is this the lowest close this year? What poor shmucks went and bought at over $35 this morning?

Best,

L
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