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Monday, September 12, 2005 1:20:29 PM
By James J. Cramer
RealMoney.com Columnist
9/12/2005 10:55 AM EDT
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This column was originally published on RealMoney on Sept. 9 at 8:39 a.m. EDT. It's being republished as a bonus for TheStreet.com readers.
It happened, as it always does, right on schedule, hurricane and all.
The tech rally. You can count on it. As the orders build for the stuff for the holiday season. As the conferences turn the heat on.
And suddenly, you go from thinking, "I have plenty of time to buy this stuff," or, "This stuff is going to kill me for my performance," to, "Will it ever come down again?"
That's where we are right now. Lots of denial. Lots of guys saying, "You know, I missed the rally, I have missed Qualcomm (QCOM:Nasdaq - commentary - research - Cramer's Take)" or Texan (TXN:NYSE - commentary - research - Cramer's Take), or Marvell (MRVL:Nasdaq - commentary - research - Cramer's Take), or Broadcom (BRCM:Nasdaq - commentary - research - Cramer's Take), or Intersil (ISIL:Nasdaq - commentary - research - Cramer's Take) or Motorola (MOT:NYSE - commentary - research - Cramer's Take).
It is my job to tell you that you haven't. But you will.
There won't be a big pullback, not when everyone's thinking, "I hope it comes down."
Look at Qualcomm. That company isn't even supposed to have a good quarter. It hasn't done well in a year. I waited in my charitable trust, ActionAlertsPLUS, for it to go back to the mid-$30s so I could buy it. And waited. And waited some more.
I found myself hoping that Nat Semi (NSM:NYSE - commentary - research - Cramer's Take) would say bad things so I could buy Qualcomm.
When it didn't, I swallowed hard and bought some more.
That's where we are now. Time to stop denying. Time to start believing.
Recent QCOM News
- Form 8-K - Current report • Edgar (US Regulatory) • 08/09/2024 08:05:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/09/2024 08:05:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/09/2024 08:05:27 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/08/2024 09:01:47 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/05/2024 09:03:28 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/02/2024 08:01:38 PM
- Qualcomm Gewinnmitteilung auf der Investor Relations Website des Unternehmens verfügbar • Business Wire • 07/31/2024 10:50:00 PM
- Publication des résultats de Qualcomm disponible sur le site web de la société consacré aux relations avec les investisseurs • Business Wire • 07/31/2024 10:50:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/31/2024 08:02:08 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/31/2024 08:01:12 PM
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- Qualcomm annonce qu’elle va publier prochainement ses résultats pour le troisième trimestre de l’exercice 2024 et qu’elle tiendra une conférence téléphonique • Business Wire • 07/19/2024 04:22:00 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/08/2024 09:39:01 PM
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