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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?


To: Mike McFarland who wrote (2819)6/20/1999 3:11:00 PM
From: LindyBill  Read Replies (1) | Respond to of 54805
 
We will probably have a downtick next week, its normal. What is going on Mike, IMO, is a runup to earnings. This companies last quarterly report was the best report I have ever seen. What I, and others on this thread believe, is that Q is going to keep posting major numbers every quarter for the forseeable future. Numbers that will be better than expected.

When you combine The hottest sector, Tech, with the hottest sub-sector, telecommunications, and then "tree" it to a hotter sub-sector, wireless, and "tree" it to the hottest company, Qualcomm, and then realize that the company is a gorilla, and then get great earnings, you can expect an explosion.

As far as PE, I made a lot of money on this company in '93 and '94 when it was selling for about a 300PE, as I recall. But, I knew when to run.

The stock is thin right now, over 37% Funds, closely held at the top, with major stock options out there that people like my son-in-law will use and sell to buy that new house in Rancho Santa Fe, so you have to be ready for a roller coaster ride if you are going to be in this stock.

I am not a "trader", by my definition. I can't time this damn market, so I don't know where we will be in the next 10 days.