TJ, imagine if everyone in China bought and sat on gold. They would go nowhere fast. They could do that, but not from your suggested gold IPO because the dawn of the solar system wasn't the dawn of gold.
Gold was made in the sun system which went BEFORE Sol. When Earth gunked together in the hot off-shoot of the congealing Solar system, gold was included as part of the starting system. The IPO was really when primates which were attracted to shiny baubles decided that some things were especially attractive. Such as gold.
It's called a greater fool theory. Gold is valuable because the holder thinks other people will continue to believe it's valuable. They might, and then again, they might not. For some reason, I assign a very low value to it. If other people did like me, it would be in trouble. BIG trouble. Other people will do like me. That's what they do. They do it some time later. Quite a lot later in most instances. Generations later in some. Some never get to it because their genes are too different.
You are so predictable = picking the starting price of QCOM at $100 and comparing it with the current price now of $55. Because somebody, one person probably, paid a ridiculous peak price nearly a decade ago, doesn't mean that's the starting point for the value of mobile cyberspace.
Here's a more representative guide to value. finance.yahoo.com
It's interesting that you ignore the point of the matter. Not surprising really. Since you are one of the more innovative of those hordes locked in behind the Great Wall of Isolation, it doesn't bode well for China. Recommendation - put all your money [other than gold which you can keep for generations until hell freezes over] into TD-SCDMA.
But perhaps you'll remember some of the details and as time rolls over the top of you, you'll think, "Hmmm, where did I hear this before."
You are part way there as your mobility now depends in part on those wonderful CDMA phragmented photons.
Going from $44 to $55 is striking gold. Going from $1 to $44 was pretty good too. Going from the starting price back in 1991 was even better.
You like to refer to NEM. Here is NEM vs QCOM. finance.yahoo.com
Mqurice |
