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

To: tradeyourstocks who wrote (93400)	2/7/2001 2:07:39 AM
From: American Spirit	Read Replies (1) \| Respond to of 152472

Don't assume CSCO will get that beat up. In fact tomorrow's open might be the best time to buy. remember YHOO's earnings day? And NT's? They had much worse numbers than CSCO and managed to come back strongly. Buying YHOO at $25 was a great move. Maybe the same as buying CSCO at $32. Or SUN at $27.

To: tradeyourstocks who wrote (93400)	2/7/2001 2:41:58 AM
From: DaYooper	Respond to of 152472

where will the money go? That's the question I've been debating the last few hours myself. We're thinking along the same lines, microe, except I think much of the money will in fact go to the sidelines regardless of interest rates. I was greatly looking forward to Chamber's thoughts today, believing his words are second only to Greenspan's. He expressed more caution than optimism, I thought, and rightly so. Everyone else is predicting "two tough quarters and then back to the races" while Chambers admits we have to wait and see if confidence and spending returns. QCOM and SEBL appear to have businesses that will not be affected by this slowdown but p/e multiples could become greatly contracted due to the macro forces. Or as you suggest, Q (and SEBL) could get pumped as the money moves to the secure growth companies. Tough to know what might happen in the short term, imo. It probably boils down to just how bad the economic slowdown really is or isn't. We shall see. Rory

To: tradeyourstocks who wrote (93400)	2/7/2001 9:41:10 AM
From: waverider	Read Replies (2) \| Respond to of 152472

>>>>I'm not predicting that QCOM repeats the gains of 1999 anytime soon, but it wouldn't surprise me to see QCOM as the best performing Nasdaq stock for 2001.<<<< Absolutely. That said, I've got this nagging sense that the market will be lower 6 months from now. Such a thing is not unheard of after rate lowerings. Some talking head on NBR last night said during the last two recessions, the market was LOWER 6 months AFTER the Fed started to make their move...buy lowering interest rates. Rick