I predict I'll get another chance to buy QCOM at $36. The best test of any theory, is it's ability to predict future results.
I don't know exactly when or how this will happen. It could take several years, and I'm capable of being patient. Or it could happen tomorrow. It might be caused by a recession, or a macro shock (military, political, and/or financial). It might be caused by QCOM management wasting a lot of money on the next wild scheme, like they've done so many times before. It might be caused by losing a big lawsuit, or something nobody on this board (including me) anticipates.
At $48, everything has to go right, for QCOM to keep going up, and anything bad can drive it down.
Further: I'll make a guess on QCOM's range in 2011: $54-36. That is, I'm guessing we are now near the top, and the floor will be where it has been most of the time since 2005. If others on this board want to make a guess, I'll summarize all guesses (which must be made by 12/31/10), and re-post them on 12/31/11.
Rather than simply dissing me, how about if some of you make some specific predictions. I will re-post it, even if my guess turns out wildly wrong. |
