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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 165.13+1.1%Nov 26 3:59 PM EST
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To: Bruce R. Schlake who wrote (6693)12/24/1997 6:37:00 PM
From: limtex  Read Replies (1) of 152472
 
Just so we can be sure.....exactly where are the "buy targets"?

Acouple of weeks ago they seemed to have been in the sixties then they moved towards the fifties then $45 ....now where are they?

Of course I'm being a bit flippant here but only a bit. The point is that Mr Bear has arrived and is painfully re-educating us as to the meaning of Price/Earnings ratios. I don't know what TA has to say about the QCOM chart but over the last ten days or so it bares an uncanny resemblance to the North Wall of the Eiger mountain and extrapolating it it looks as though it will hit under $30 by the end of the first week in January. I'd be grateful if on a day when MSFT is down to $120 someone can give me any reason to not to call it a day for investing in the market for the next three to five years until it sorts itself out.
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