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

To: Voltaire who wrote (58757)	1/1/2000 6:05:00 PM
From: Jill	Read Replies (1) \| Respond to of 152472

Wow. Had the chills reading that.

To: Voltaire who wrote (58757)	1/1/2000 6:28:00 PM
From: MileHigh	Read Replies (1) \| Respond to of 152472

Gilder is one super power brain drain! MileHigh

To: Voltaire who wrote (58757)	1/1/2000 7:21:00 PM
From: Jenne	Read Replies (2) \| Respond to of 152472

Late The new price target on QCOM, which caused the spike yesterday(Friday), is now $250. (post split) The stock price at the open tomorrow will be in the $161 range depending on after market activity. While a $600 QCOM has been making huge moves it is entirely possible that these big swings are now going to slow with four times the shares available. We have seen it time and time again. As outstanding shares increase the size of the moves decrease. Check out the recent moves on MSFT, INTC or DELL which all have over three billion shares outstanding. Granted the 644 million shares after the split still pale in comparison to the 3 bln for these other heavyweights. My point here is that paper gains are just that, paper profits, until sold. Many of the stockholders for the last couple of years bought this stock for $20-$50 and are now paper millionaires. A $38,750 investment on 1/1/99 (1550 shares) is now worth over $1,000,000. Some may decide they will want to turn paper profits into cash in January. Many funds have share limits for stocks in their portfolio to avoid having huge losses should disaster strike. Institutions hold 55% of the available shares or 77 mln shares. As of tomorrow, they will own 308 mln shares. If your share limit was one million then you will be three million over as of tomorrow. There is no drop-dead date when they must sell their shares but you can bet they will want to sell before the price drops very far. Remember every -$1 drop is now -$4 with four times the shares. Have you heard that there are several companies that claim they have a better product coming to market next year? Now that I have built a case for a coming drop let me switch sides. The $250 share target price is probably low. Even at these lofty 500+ PE levels the odds of QCOM beating the $250 level this year are 100%. Investors that missed the run will pour into the new $160 shares in record numbers hoping to see the $250 target by February. QCOM also has new products on the horizon. One which has analysts excited is streaming video over your cell phone. Data rates 50 times current modem speeds are expected soon. This will only increase the population of the CDMA technology. Confused? What we have here is simply a difference in time frames. Short term there may be some selling pressure as traders lower their exposure and diversify. Long term it is still a great company and a great stock. Did I mention that they just voted to increase the outstanding shares to 3 bln? There are now only 644 mln outstanding, can you say 4:1 split again soon? optioninvestor

To: Voltaire who wrote (58757)	1/2/2000 1:44:00 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 152472

TA: momentum swing target 210 presplit terms: after touching (thanks to Europe overnight) 740, we moved back to 640... that represented a 3/8 retracement after the rise from 500 to 700... the 3/8 ratio has been indispensable for lowball additions to shares in recent weeks since the big breakout so we had a 100-pt move down from 740... expect a momentum swing next to 840... it might have some little airpockets this week... just a guess, but perhaps another bullish triangle might form as we feel resistance at 740 a couple times, only to drop less each time in response target is 740 + 100 = 840 translated: 210 timing: nearterm, like 2-4 weeks with strong earnings providing yet another unrealized ambiguous event on the horizon, I see 210 happening by the last week of January is this really the year 2000 ??? I thought we might see a different sky / Jim Willie

To: Voltaire who wrote (58757)	1/2/2000 3:42:00 PM
From: freeus	Respond to of 152472

Thank you for posting this most amazing speech. I'm photocopying it for my investment club. It's full of hope....and clearly shows the dangers of government intervention. Maybe I can recruit some new Libertarians. New Year's greetings to you! Freeus