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


To: Jim Willie CB who wrote (27188)4/15/1999 6:02:00 PM
From: limtex  Respond to of 152472
 
JWcb -

If the Naz continues its post earnings slump that it has started in the middle of earnings season instead of immediately after it then you might.

It is easy to tell. The question id to ascertain whether todays late rally was a dead cat bounce. You will know soon enough, the NAZ tells you if its going to tank relentlessly daily till usually two or three weeks before next earnings season when I guess institutional buyers get their cash out and take a risk for a bit before selling again at what now looks to be in the middle of earnings season. etc etc.

All you have to watch out for in between is Alan Greenspan going up to the Hill for Humphry something testimony when the Members ask him what seem to be 'predictable' questions that he appears to want to be asked. The effect EVERY time is that the market tanks. So all you have to do is plan a bit of buying and selling accordingly. And even if AG saw this thread and thought he would catch everyone by surprise you know he wouldn't do that because he thought the market was overvalued when it was approximately half its current value.

It is also clear that he is really really upset about the Internet stock values as well as the market generally so you usually get commentary to the effect that his main concern is to take a little of the steam out of stock values because he is concerned as to what might happen if the market were to crash. Well you can say that again!!!!

Then CNBC and all its contributors wheel out Barton Biggs who basically admits to having been wrong about the vast majority of this bull market and good old Barton reels off his vision of Appocalypse Now on Wall Street and they all and AG start worrying about interest rates. "Investors are concerned about the possibility of rising interest rates and thats why the market just tanked in the middle of AG's speech on the Hill".

Well OK but what do interest rates have to do with CDMA in China or in Kansas for that matter? And in any case so what if interest rates go higher. How much higher anyway 5% OK so invest at in bonds at 8% and see how well that does for your retirement compared with the NAZ great growth stocks like MSFT, INTC and QCOM. Its been quiedtt on the higher interest rate spell doom guys for about three weeks now but they will be back. The doom and gloom guys are light sleepers and since they haven't made much money following their theories (if indeed they do follow them) nor have their clients, they make up for it by some personal appearances on financial shows when the AG goes up to the Hill and after.

Be careful though because AG goes up to the Hill a few times in the year and I'm just saying all this because thankfully he hasn't been there for a few weeks now and that might mean he'll be there any day and you know the market will tank so be careful with your timing.

BTW Does anyone know AG's timetable?

Best regards,

L



To: Jim Willie CB who wrote (27188)4/15/1999 6:15:00 PM
From: LindyBill  Read Replies (1) | Respond to of 152472
 
does anyone think shares might be available in the next couple months for 130-150?

I guarantee that they will be available May 11th, upon market opening, at less than the above price..

LindyBill



To: Jim Willie CB who wrote (27188)4/15/1999 6:17:00 PM
From: marginmike  Read Replies (2) | Respond to of 152472
 
Jim this thread is not a chat room but a temple for techno-investing nuts and Jon K. We are not traders so do not like to comment on entry points. Are view is that any entry point for the Q for the long term is good. In an industry growing 35%(wireless) and having the strangelehold on the future(and fastest growing segement) of that business(CDMA) the price diference between 80 and 140 is a fraction of the future potential. We all believe Qcom to be a future blue Chip Tech bell weather the likes of MSFT, and Intel. In such we believe Qcoms future earnings will warrent a 50-100 billion market cap. That is except Ramsey who is still expecting Japan to collapse, and China to devalue. (that was a joke ramsey) In any regard I would buy either now or after earnings. The next few days will be quite volotile do to a lot of unknowns (price for Inf, Earnings, Projections). The short term price will depend heavilly on what will happen at the CC.