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


To: Jeffrey Boggis who wrote (58400)12/30/1999 11:55:00 PM
From: Rhino Ray  Read Replies (1) | Respond to of 152472
 
A lot of money will be coming into the market next week and much of it will be going into QCOM. More institutions, more upgrades, We will go much higher, and I think it will start right away. The stocks that are going to have trouble are the former fast growing tech stocks that investors have been in and have not had the tremendous run like QCOM has. For instance if you have been a DELL investor for a while and are accustomed to tremendous growth in the past and not much this past year, while you watch on the sidelines as a stock such as QCOM explodes upward. You begin to think that maybe the run is over for your stock, it was a good run but now it may be over. You begin to think that you want to sell your stock and get into QCOM, but if you do it before the first you will have to pay the taxes this year. Now if you can only wait till 1-1-2000. So you wait till after the first and you sell your stock and now buy QCOM. Couple this with all the IRA money, pension money, Christmas bonus money, and post "the world didn't end" Y2K money. Lots of money going into QCOM.

So where is it headed.... straight up. It should be about 275 to 300 by February or March, and believe it or not it should then soar to about 600 by this time next year. Based on the possible growth of CDMA and wireless devices, this estimate may be extremely conservative.

Q Just keeps on charging on!!!