Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 159.42

-1.2%

Jan 16 9:30 AM EST

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To: Drew Williams who wrote (13266)	8/3/1998 9:44:00 PM
From: limtex	Read Replies (2) of 152472

Drew - This is just the market. The collective universe of those that buy stock in the major markets of the World DOW, NAZ, FTSE, CAC, SMI, DAX, NIKKEI, HKG. Forgetting the two major Asian markets for the others it looks as though any consistent buying interest is at an end. Why? Who knows but it clearly is and due to the bizarre attitude of the Japanese government it looks as though there is no end in sight to this downturn for at least two years and so what on earth is the point of remaining in any stock at all. I can just see some of the bright talking heads on Lou Dobbs or CNBC saying in a couple of months..... "...oh yes of course we went 100% cash in early August and anyone who stayed in at that time has suffered much more than if they had been with us!!!...." The Q is great and it certainly helps me thinking about its prospect over the next two/three years but the market might totally ignore those prospects and others and just re-adjust P/E ratios all round. Thus the Q will still lead the pack but with lets say a P/E of say 12 rather than what we have today. P/E of 12 may then be a high flying The thing about a bear market is that it seems to me that no-one actually says look here its arrived. The last thing the professional want to do is that because whereas in a bull market they have the edge due to they get better information more quickly when it comes to a bear market the odds seem to me to favour the indiviaual investor if he gets out a the first sign and that is just what the professional fund managers can't stand. Just MHO L

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