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

To: qveauriche who wrote (116597)	4/12/2002 8:11:12 AM
From: Wyätt Gwyön	Read Replies (2) \| Respond to of 152472

qveau, i think you asked about the TA a few days ago...i would just say imho to keep in mind that QCOM is now decisively below its post September 11 low, and has again broken through the 37-38 support that first gave way in the wake of the tempest-in-a-teapot "accounting issue", which the market soon blew off. the major averages are about flat compared to 6 months ago, while many stocks like SEBL are still way up (even after falling recently). meanwhile, a major wireless vendor like NOK is about flat with the averages. in contrast, certain cos have broken down quite a bit over this period, like EMC and QCOM. sometimes the charts can be illuminating. of course this doesn't say where the stock will go in the future, though i find it amazing that it is still around 10x sales after falling this much. finance.yahoo.com

To: qveauriche who wrote (116597)	4/12/2002 4:05:12 PM
From: sea_biscuit	Read Replies (3) \| Respond to of 152472

qveau..., no I don't have any details but that doesn't mean the chapter has been closed. I am always skeptical when I see stocks climb 400%, 1000% or 2600% in a single year. Mere investor madness cannot make it happen. There has to be "help" coming in from all sides... As for the unraveling of the PCS' 1X deployment plans, please point me to the posting of mine where I commented on that. Because, to me, that is really irrelevant. A lot of the good stuff that was imagined about the RCA in the 1920's, actually happened in the later years. And what's more -- some good stuff that was not imagined, happened too. And yet, we saw RCA being picked up by GE, almost sixty years later, at a price 60% of its all-time highs in the 1920's. So, the bottom line is -- I don't care whether things are on track or not. Once valuations get out of whack, it doesn't matter one way or the other. Nothing can save you from the curse of high valuations. Nothing.