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Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?

To: Lost to Voodoo who wrote (807)	5/26/2000 7:49:00 AM
From: Poet	Read Replies (1) \| Respond to of 10876

Hi albedo, Ugh, I hope you're wrong, but the high fifties on QCOM certainly are looming. Are you a QCOM investor, BTW? Notice I'm trying to draw you out a wee bit here. :)

To: Lost to Voodoo who wrote (807)	5/26/2000 8:19:00 AM
From: Jill	Read Replies (1) \| Respond to of 10876

Actually, though I look at charts to try and get an idea of resistance and support, I find that people throw out #s all over SI and the market is quite unpredictable and does what it pleases. QCOM's recent fall seems unwarranted in terms of the market, and probably due to psychology [and I don't discount psychology of the houses, ML, MSDW, i.e. brokerage firms that had complaining wealthy clients last year, `Why didn't you put me in QCOM???'--there's probably a little bit of vengefulness & schadenfreude in their FUD now]. OTOH someone named A.L. Reagan posted this on QCOM thread last night: Market cap using SI numbers (i.e. unadjusted for in the money stock options, currency fluctuations and a few other things) (in billions USD): NOK: $218.7 ERICY: 144.3 QCOM: 51.1 NOK is selling at "ruff and tough" 12 mos forward P/E of 53.4x, QCOM at 54.7x, no statistical difference. ERICY just a shade over 50x. These are all "ruff and tuff" and we could have pointless arguments over cents per share in analyst estimates, but the point is the whole group is right around 50x. QCOM forward P/E now about equal to its forward eps growth rate and controls a lot more more "Essential IPR per share" than either NOK or ERICY So maybe we're where we should be for the moment. RETCH! <ggg>