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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (56624)	7/15/2000 10:35:02 AM
From: American Spirit	Read Replies (1) \| Respond to of 99985

marginmike, I have never paid more than 61 for QCOM. I did start getting interested in it as it fell below 90 but was never bullish until it got down to my bargain basement level, when I could see a PE of 70 which is pretty cheap for a growth stock like this. I have traded QCOM five times in the past two months and have made at least 5 points every time, even when I failed to pick the bottom. just sold mine yesterday at 64 after buying at 57. the volatility of that stock makes it a great trading stock especially with so many shorts believing doom and gloom out if Asia. the shorts often give us gifts, as they are doing now with UIS, IFMX, NOVL, IBM, ADIC, LOR and the like. but it is always a bottom-picking challenge. I also pound the table on VZ at 49. PE of 21 for the #1 wireless company in the US. ridiculous. and a very safe investment.