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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 170.90-1.3%Nov 7 9:30 AM EST
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To: George Gotch who wrote (25819)4/1/1999 5:36:00 PM
From: Peter J Hudson  Read Replies (1) of 152472
 
George,

It appears you are making your observation of Q being way over extended strictly from a traders point of view. From a fundamental point of view the Q has been way undervalued for a long time, in addition the fundamentals just changed dramatically. I agree that it is extremely rare to see a run up like this without pullbacks along the way, but it just may be that this will be a straight run to a justified higher valuation. I have owned this stock since 1992 and gave up trying to pick the peeks and valleys a long tine ago. I have several friends that missed this run because they bailed out at the first pause after it broke through its all time high. I don't believe we will see QCOM below 120 again unless there is a major change in the fundamentals.

Comparing QCOM to AMZN or any other internut stock is not justified. This is a real company with real earning and a rock solid business plan. This run is not a mania, it's a flight to quality!

Pete

PS I don't usually don't feel the need to share my views. All I have to do is wait a few minutes and someone else will usually do a better job of expressing a similar view, but I'm on vacation, I've had a few beer and damn I feel good!
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