Well, I actually sold it all today. I figure I can buy it back later and I didn't want to hold it as I'm going on vacation - but I wanted your opinion and I appreciate your response. Thanks Zeev! I'm off on an 8-day canoeing trip to the boundary waters in northern Minnesota. What's a San Diego girl going to Minnesota for?? Yikes! May the mosquito reppellant gods be with me...
"all the way to the old support at $55/6" -- well what support was that exactly? At what looks like approaching $3 eps next year and with a growth rate to match if Q is going to have a P/E less than 20 I would have thought there would be many other things that had to be worried about....in that scenario seems to me we would be looking at a return to the lows of 2002. Maybe w are about to see single digit P/Es as cash gets shoveled out of all markets and onto the sidelines. The new paradigm might be no markets for the next decade as fear is indeed the new detrminant and no-one wants to go through a second serving of 2000- 2002.
Still as you say "you never know" but it beginning to look remarkably like it. Mr G putting up interest rates yet again before being sure of a well established recovery seems to have begun it all over again.
first reasonable post I rad here from this guy???...so why ws he pumping it friday???...QCOM has been my fav long since the 31 retest in March of last year....gaps at 59 and 46 waiting there for this chart....Index selling...QQQ...NDX..will take it there...gap on QQQ at 32 for starters....we are heading down ...slow and painfully...why???????..cause the charts say we are.....learn or burn....tr
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