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

To: Caxton Rhodes who wrote (39579)	9/2/1999 3:09:00 PM
From: Michael	Respond to of 152472

My friend Caxton: << If people truly believe, I would advise that the most aggressive approach is taken by owning a higher percentage of Q in your portfolio, and buying on dips, not new highs. This stock is too volatile. >> Exactly my thoughts, also I do not sell my winners because they become too large a % of my portfolio, it's like pulling up your flowers and watering your weeds(Peter Lynch quote) I give QCOM a conservative forward p/e of 40. Just using caution, cause a market sell off will reduce premiums all investors are willing to pay for any company, QCOM included. Therefore I use 40 forward p/e as a safe way to value Q going forward. sure is a nice day Michael