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

To: DaveMG who wrote (37826)	8/8/1999 1:13:00 PM
From: LindyBill	Respond to of 152472

I was happy for Lindybull who by the way I have high regard for. Gee, Greg, I hope the "bull" in Lindybill was accidental! Thanks for the compliment! That starts my Sunday off right! : 0) The recent exchanges on Q's short-term outlook leads me to do some Sunday morning prognosticating. We just had an earnings report on 7/20, and Qdog has posted the next one due on 11/2. I am not going to play a numbers game here. I think Q will hit whatever number the street puts out, and beat it by about 10 to 20%. That guess is based on past performance. I see no fundamental reason for the stock to drop before earnings, and I would expect earnings to be up by about 35% by then from 7/21, which should put the stock up about 35% to 200. That run up to earnings should happen in the last 30 days before the announcement, IMO. We know from last week that Q is very sensitive to any reported potential bad news, so an announcement from any competitor or country that looks negative would cause a spike in the price. That is the built in volatility that we have to live with. I don't see anything on the horizon that should cause this to have any lasting effect, even in the short term. (Maybe, "scientist discovers flaw in CDMA and it will no longer work after 2YK. Now that would nail us good!) I am a fundamentalist, and I know that arguing with the TA guys is a religious war, so I won't do it. If your charts show a short-term drop and you can make money on it, more power to ya! I know that we will get a market break sometime, but I have not got a clue when, and intend to ride it out when it happens. Money is still pouring into the market, it is going into tech, and into wireless, and into Q. I see no reason for a PE compression on tech, and certainly, no compression on Q's PE. Growth looks so fabulous the next few years that the stock, once the story on it really gets out, could balloon to an enormous PE.

To: DaveMG who wrote (37826)	8/8/1999 1:21:00 PM
From: Eric L	Read Replies (1) \| Respond to of 152472

Dave, << fan of ex CNBC technical analyst John Murphy and his website at murphymorris.com >> I am also and subscribe his site. I hope the Qualcomm thread you started in April will start to pick up steam: 127.0.0.1:3456/SI/~wsapi/investor/Subject-27228 I am not skilled at TA (actually a dummy) but like to listen to others that are. I maintain a "Bring your own ISP" subscription to AOL for one reason only and that is to lurk on the CSCO message board where there are a few astute TA practitioners. For several years, whenever CSCO starts to slide I lurk and listen. Following this rather rather unsophisticated technique I've been able to add to my core CSCO position within a few points of its annual low every year for the last 4. I know Mqaurice says this is Hocus Pocus, but ... - Eric -

To: DaveMG who wrote (37826)	8/9/1999 12:35:00 AM
From: waverider	Read Replies (1) \| Respond to of 152472

Oil, inflation, market is going down for the next 2 months, the fed is going to raise interest rates...blah, blah, blah... Would all you voodoo kings and queens cut out the palm reading and relax?!!!!! Whether or not the Q is dead money for 3 months or not, the odds are that if you are out, you'll miss the next 30-100% because you're scared to get back in. That's a fact. Invest for the long term in a gorilla that sells technology and relax...make your millions without getting hives. NO ONE can predict the future so knock that sh*t off. You are working yourselves into poverty. Yours, Rick <H>

To: DaveMG who wrote (37826)	8/9/1999 2:20:00 AM
From: slacker711	Respond to of 152472

Even though I was a buyer last week because I also think the last earnings report IS NOT reflected in the stock price, the overall conditions are making me wonder whether I did the right thing. Just a general comment on market conditions....I think too much is being made of the parallels between this year and the last two years. In each of the last two years there was a considerable fear of a global economic collapse that precipitated the general market fall. I dont think there are any problems on par with Asia in '97 and LTCM and Russia in '98. A raise in interest rates will cause some short-term problems but unless Y2K is bigger than everyone expected, I dont think that we will see a continued correction. Hopefully the raise in interest rates will fend of inflation fears and allow the market to concentrate on earnings again. The Q should shine using that criteria..... Slacker