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


To: Webster who wrote (17734)11/4/1998 1:50:00 PM
From: DaveMG  Read Replies (4) | Respond to of 152472
 
Webster,

Seems to me people are being a little hard on mgmt. It's not Dr J's job to hype the stock although he certainly could have stuffed some meat into the interview. IMO the reason the stock has remained in trading range over the past three years is because it got a bit ahead of itself. What's more this spectacular and almost predictable trading range has attracted lots of traders,which only makes things worse.Short sellers are gonna have to get burned before they quit, which means Q will have to blow away the numbers and look like they can sustain their momentum. Perhaps they set the mkt up for this sort of thing in the near future.

"- Its too bad we will be sitting here one year from now with +$3.00 in the bag looking to +$4.00 EPS and still wondering why this thing hasn't taken off"

This'll never happen. If they execute the mkt'll take notice. We also have to assume 3G (*)&^&^$%&^#$$%# is taking a toll.

I've bought and sold quite a few times in the past but I'm very hopeful that barring any overall mkt disaster this buy opp was the last we'll ever see under 50.

DaveMG