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


To: limtex who wrote (110769)1/11/2002 3:25:36 PM
From: JohnG  Read Replies (2) | Respond to of 152472
 
limtex. Clearly some group dumped mucho QCOM on 12/5. Who knows why? It could have simply been to free up cash for what they saw as a better tech stock or an increase in weighting toward more defensive stocks. Perhaps they had inside word that wireless was slower in the Dec quarter.



To: limtex who wrote (110769)1/11/2002 3:45:24 PM
From: Wyätt Gwyön  Read Replies (1) | Respond to of 152472
 
there were some excellent contrarian indicators to QCOM bullishness on 12/5. e.g., i received several PMs urging me to buy QCOM. that is as sure a sign of a top as i know of (my spreadsheet lets me know what the sign of a true bargain price would be, but i won't print that figure in polite company). also, gdichaz informed me on this thread that qcom would not be available for much longer for "bargain prices" like the closing price of on 12/5. boy was he right!

#reply-16759850

"BTW suggest time is running out on purchase of the Q at these bargain prices"

LOL! your quote would have been accurate 3 yrs ago...whether it will be accurate on a day when QCOM closed at $61.99, after a huge runup from 38, remains to be seen. let's check back in 10 years and see how they did compared to bonds!