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Technology Stocks : The New Qualcomm - a S&P500 company -- Ignore unavailable to you. Want to Upgrade?


To: Art Bechhoefer who wrote (551)8/4/1999 11:57:00 AM
From: Caxton Rhodes  Read Replies (1) | Respond to of 13582
 
Art- Q is vulnerable as are all stocks these days. Compared to history, trading on forward earnings multiple of 40 is sky high. If the market eventually moves toward the old model, Q as well as most other stocks could be cut in half.

I don't expect a crash, but it is in the realm of possibility in the next few years.

Caxton



To: Art Bechhoefer who wrote (551)8/4/1999 1:32:00 PM
From: Boplicity  Read Replies (3) | Respond to of 13582
 
If 140s do not hold 120 is the next area I see QCOM going to. There is nothing fundamentally wrong with QCOM. But, many people have large gain in QCOM, including myself, who want to book their profits and reduce their exposer to the market. Add the above to the investor that bought higher, you get selling pressure. If don't book'em then they are just paper profits.

Greg