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

To: limtex who wrote (108254)	11/7/2001 1:28:21 PM
From: Kayaker	Read Replies (4) \| Respond to of 152472

Dang! We're green!

To: limtex who wrote (108254)	11/7/2001 1:30:55 PM
From: marginmike	Read Replies (1) \| Respond to of 152472

it said the same thing in may-ng-

To: limtex who wrote (108254)	11/7/2001 1:51:10 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 152472

Yes, it does look very much like the ST trend is up. Bad news is being ignored, resistance is being taken out (AMAT climbed over 40 today, TXN over 30, NTAP soaring over its 50DMA for the first time this year, many others). What do you define as a "normal market"? If you think QCOM will be making a "run back to its previous highs", then you must think that 1999 was a "normal time" for the market. I'm afraid you are going to be disappointed, as that was not a normal time at all. At that time, money for telecom buildouts was available for almost any idea, including a lot of very stupid ideas. Several hundred billion got thrown at buildouts to sell into unproven markets, and much of that was wasted, leaving balance sheets very weak throughout the markets QCOM sells into. We're not going back there, that lesson has been learned, at least for a few years. If QCOM returns to its previous highs (when? in 2002?), have you calculated what PE and P/S the stock will be at? Do you think those numbers are reasonable? I seem to be positioned about halfway between Mucho Mass and you. Seems about right.