The New QUALCOMM - Coming Into Buy Range Message Board

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Technology Stocks : The New QUALCOMM - Coming Into Buy Range

QCOM 174.01

-0.3%

Nov 14 9:30 AM EST

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To: manalagi who wrote (5813)	2/8/2010 12:09:08 PM
From: seti	2 Recommendations Read Replies (1) of 9129

Qcom has managed to convey to the market that 1) for 2010 it isn't a growth stock. 2) it has guided a small amount downward, that's in preparation for another downward guidance the near future, to further ratchet down expectations 3) if it can't grow during 2010, when a number of other tech companies are putting out optimism (like INTC) ... ? 4) management has done nothing to persuade against 1-3. In addition, 5) general economic recovery is still tenuous and uncertain 6) interest rates will have to rise sooner or later, perhaps in mid-later 2010 IMO, these are some of the current factors saying: bad stock. With regard to non-technical analysis, this thing just took a big dump. As yet no sign of bounce. Let it drift around a bit and see what happens, and where's the bottom. No rush to risk any buying. There's a mountain to climb to get back to pre-earnings. Lot's of time to latch on upward movement if any. Haven't been many (any?) analyst reports saying buying opportunity. Ergo --> NO reason to buy --> No upward movement.

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