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

To: limtex who wrote (81115)	9/21/2000 9:00:53 PM
From: Climber	Read Replies (2) \| Respond to of 152472

Sep 21 9:18am ET NEW YORK (Reuters) - Goldman Sachs & Co. chief strategist Abby Joseph Cohen said on Thursday that equity-market concerns about higher oil prices, a weak euro and corporate profits are ''overdone'' and will be ``short-lived.'' ``Investors have been recently unnerved by an assortment of developments and concerns,'' Cohen said in a note to clients. ''We conclude that the reaction to these has been somewhat overdone and that the intermediate- and long-term view remains quite bright.'' Cohen, one of Wall Street's most widely watched strategists, said the backdrop for the U.S. economy ``remains quite favorable'' and reiterated her year-end price target of 1575 for the Standard & Poor's 500 Index and 1650 by mid 2001. The S&P 500 index on Wednesday was at 1451. She retained her recommended asset allocation mix of 65 percent equities, 27 percent fixed income, 3 percent commodities, and 5 percent cash. The mix has been unchanged since March this year.

To: limtex who wrote (81115)	9/21/2000 9:10:39 PM
From: waverider	Read Replies (4) \| Respond to of 152472

L...we've been through this before with QCOM. Who the hell knows what is going to happen tomorrow. I don't know anyone around here who was warning about this one. Everybody I read was patting themselves on the back for being so smart for buying under $70...QCOM that is. Other than the downtrending market of late, this one came out of the blue. I felt around 3750 was the bottom NAZ the other day and put my mutual fund money back in. I never bought that post-Labor Day rally garbage and had some cash to pick up some bargains. Never had so much fun painting myself into a corner. LOL!!! Sorry mm, I had to. Well then, will those bargains seem expensive tomorrow? Maybe. But there is nothing we can do about it except maybe pick up something with cash on hand. I really doubt we are going to crash like you suggest. Maybe a quick rest of Monday's low or the low from then end of July...but a 20% drop tomorrow? On the other hand...maybe we could pick up QCOM in the low 50's then. What a gift. The point here is our company is strong and if the market provides us a gift why worry about it? Why not take the damn thing (Q on the cheap) and be happy? Just a matter of perspective. Just don't panic tomorrow. Good Luck, Rick