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Strategies & Market Trends : Drillbits & Bottlerockets -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (7363)4/9/2001 7:05:42 AM
From: AugustWest  Read Replies (2) | Respond to of 15481
 
Maybe when QCOM really corrects, we will have a sign that a true bottom is in.

Like CSCO? It has a PE now of 26ish. I might have premature with my 25 PE WAG. I wouldn't be able to comfortably take a LTB&H approach on it yet, would you?

Maybe worth a trade coming soon, but that is about it at very best.



To: Jorj X Mckie who wrote (7363)4/9/2001 11:20:35 AM
From: Lost1  Respond to of 15481
 
good points..this China shop bull could topple QCOM in a big way (as if it hasn't already been punished)



To: Jorj X Mckie who wrote (7363)4/9/2001 1:16:34 PM
From: John Pitera  Read Replies (1) | Respond to of 15481
 
I see you've been to Fred school of, "We don't come to praise QCOM, we've come to bury QCOM" -g-



To: Jorj X Mckie who wrote (7363)4/9/2001 2:28:14 PM
From: Perry Ganz  Read Replies (1) | Respond to of 15481
 
Hey JXM
i think that 300 pe on QCOM includes a 1 time charge for the globalstar fiasco
pro forma P/E is about 40+
Perry
I think the better bet would be to put it all on a hard 10<g>