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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: matherandlowell who wrote (91224)	4/27/2010 4:27:58 PM
From: planetsurf	Respond to of 197238

Great post. I'd reinforce a point you touched on: "I think this is in the spirit of the thread. We are trying (in good faith) to help each other understand this sometimes complex interaction of valuations, expectations, and technological shifts, in the context of a shifting global economy. It is little wonder that opinions might differ. " Many on this board, myself included, have already 'traded' most of their QCOM stock already and are not that interested in establishing a strict value. We follow Q as a company, the stock discussion being just a part of that. I personally find Q, the company, fascinating. A new gorilla (to borrow a phrase from 10 years ago) company growing because a brand new technology (wireless) explodes. Growing pains, valuations, nepotism, misses and hits as they try to become an established giant. Knowing Q fairly well, what they do, why and where they are going, whether I agree or not, has helped me understand the interaction between the so-called journalists that cover stocks, 'Street' sentiment and stock price fluctuations - at least a little more anyway. The detractors that come out of the woodwork on this board to kick a downed dog are just part of that education. Fascinating stuff.

To: matherandlowell who wrote (91224)	4/27/2010 6:00:07 PM
From: Jacob Snyder	Respond to of 197238

I recommended your post; thanks for the extended (and articulate) reply. I haven't posted here much, but I have followed the stock for 10 years. Generally, I try to buy stock in quality companies, when they are seriously out of favor, and sell after a good run (which might be months, or might be years). I usually end up selling long before the top, and sometimes my buy targets are never reached, but I rarely get burned. <Your suggestion that QCOM might sometime in the future be priced below $30/share> I said the stock is fairly valued at 29-38$, and that I have orders placed, to buy at 35 and 30. Message 26489343 I also said, "I think we bottom, sometime in the next 2-6 months, at between 30$ and 35$" Message 26486412 I don't believe in the Efficient Market Theory. I don't see the stock price falling to anywhere near cash value ($11). <cash build up in the largest tech firms> Yes, and non-tech also, in many cases. Considering we are just emerging from the worst recession since the early 1970s, balance sheets for a lot of companies look very good, and getting better. However, the total debt in the economy isn't going down. What's happened, is a massive shift in debt burdens, from the corporate sector to government. Also, consumers and homeowners still are burdened by way too much debt. The debt needs to be written off or paid off, for a sustainable recovery, not just shifted around.