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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: kanford who wrote (36260)	7/20/1999 8:31:00 PM
From: marginmike	Read Replies (3) \| Respond to of 152472

Ken i agree, however in the long term what is 20-30pts. The earnings estimates for Y2k will put us at least 100% higher from where we are now at a reasonable PE. This stock will pull back and will provide a new buying OPP. However speculating on short term price is frustrating and impossible. This stock should be priced at its growth rate about 40-50 PE.

To: kanford who wrote (36260)	7/20/1999 8:40:00 PM
From: gdichaz	Respond to of 152472

Ken: Relax. There is no need to "evaluate a proper price for this stock". Just enjoy the ride. Maybe 3 to 5 years out it might be worth worrying about selling. But not soon. Unless you need some $$'s for a good purpose - and even then suggest you look elsewhere first. :-) Unless something goes terribly wrong with the company's fundamentals. That could happen, but don't hold your breath. All just IMO. Wish you a good nights sleep. With this stock that is easy. Chaz

To: kanford who wrote (36260)	7/20/1999 8:42:00 PM
From: kitterykid	Read Replies (1) \| Respond to of 152472

I believe QCOM has a reasonably good chance of becoming another MSFT or INTC. That said, remember that the Q began the year at $26 per share and today it closed at $163, a gain of $137 per share. Though the fundamentals of this company appear extraordinarily good to me, it does not mean that the stock is impervious to a bad stock market. Bulls make money, bears make money, but pigs get slaughtered.

To: kanford who wrote (36260)	7/21/1999 6:57:00 AM
From: wlheatmoon	Respond to of 152472

ken, thank you for the kind support. i'm a new holder of qcom and believe it is overvalued...but got tired of waiting for a correction..... in all due time...a correction will take place....that's just the nature of this market....my patience got thin,,,but i hedge my positions with covered calls...so i make a nice income in either direction and i protect my buys with some locked-in profits. if you'll look at any chart of the monsters (msft, csco, intc, etc),,,they all reach or touch their 200 day moving average at one time or another....that is usually the best time to load the boat on a gem like this...but like i said i got impatient....having said that,,,i just bought a small lot and will add....either at lower price or at higher price...it just depends on the market. right now....all is rosy......so relax and enjoy....however,,,,as we all know,,,,nothing goes straight up...qcom will move in the same direction as the market if there is a major correction...but it'll either hold up much better or worse than the rest of the market (high flyers tend to be volatile,,as you know). my guess is that it would be a strong stock even in a down market,,,but who knows...and being margined on it is not worth the risk--particularly if there is a real sell-off. again, thanks. mike