Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 159.42

-1.2%

3:59 PM EST

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To: mmeggs who wrote (13303)	8/4/1998 3:27:00 PM
From: llwk7051@aol.com	Read Replies (1) of 152472

I can understand your frustration. In the long run earnings and price move together. In the short run many other factors rule. I can remember a few years ago when Merck traded in the upper 20s and everyone said drug stocks should be treated as a utility. I bought in the 30s and waited two years before it moved. Then when it got to a reasonable pe I sold. The stock proceeded to double from there. Not because of a huge increase in earnings growth but because the funds all wanted it. Go figure. Anyway the stock market is not for the faint of heart and I have to look at the longer view for me to do well. Good luck, Robert D.

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