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

To: Didi who wrote (72534)	5/26/2000 10:49:00 AM
From: 16yearcycle	Read Replies (1) \| Respond to of 152472

"T/A, fundamentals and common sense have been overridden by poor market psychology and irrationality." Believe me, we are on the same side, but what this is is a ta nightmare come true, for a long term holder, anyway. THERE IS a gap from about 57-61.5, and we have been getting drawn to it like a magnet. It's amazing that this great company could not break the ta spell. At 57,it will sell at about 48x the current run rate, and have a peg of less than one. Even on 1/3 with it over 175, I could believe 80, easy. I guess I would have thought this current level was possible only in a severe nasdaq correction, and we got one. Q is well under "buying range." We are so far under the radar now that we are going through mole tunnels. We are trading at about 5.5x calendar 2005 earnings. Flame on if you wish, but do the numbers.