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

To: waverider who wrote (64789)	1/27/2000 5:45:00 PM
From: limtex	Read Replies (1) \| Respond to of 152472

DH - OK he was $20 ( maybe) over on the run-up price but he was right:- 1. To get out before earnings and 2. To keep your eyes on the actual earnings and 3. The 40% 'correction'....well again nearly, $170 (his guess of where Q would be just before earnings) less 40% = $102 and we were $15 above that today and who knows tomorrow and for the next couple of weeks. I thought very seriously about what Vol said but I took the view that the Dec qtr would be the biggest blow-out that the Q had ever had. What with CDMA taking off and everything now humming I really thought Q would blow it away. What I didn't reackon on was 'we think there might be a slowdown'. That threw me. I couldn't believe they would do that this time. But I guess Dr Jacobs has shown that he really knows what he is doing and so I gues we will just have to learn with living with a bit of daily nausea till Q starts its upward journey again. The trouble with these extreme P/E stocks is that they never do things gradually, neither up nor as we have discovered in the last 48 hours on the way down. Best regards, L

To: waverider who wrote (64789)	1/27/2000 6:06:00 PM
From: freeus	Read Replies (1) \| Respond to of 152472

Thanks for posting that: much as I enjoy Voltaire's philosophical posts one of the reasons I didnt sell (shame on me) my April calls is because I was looking for that $165-$170 range. I never did see him say sell calls before earnings come out but I saw several say the Q usually does ok after a short pullback after earnings. Unfortunately for me this is much more than a short pullback. However I should have sold on Jan 3rd: how high did I think the Q could go before April? So the brain was not working properly and I have noone to blame but me. Sold half of my '01's today to get the '02's at the same strike. Still have half and many, many Aprils. Think there's any chance of getting back to the $160 level for the shareholder 's meeting? If not, oh well! Freeus