Back in January everybody wanted to know when it was going to stop going up. Now they wonder where the bottom is. People seem to think that this volatility with Qualcomm stock is something new. These shares can make your stomach roll just like the wildest ride at the Del Mar Fair. To get a sense of where this wireless technology company is going, I decided to turn to the analysts who follow the stock.
Analysts are just like economists.
They're the guys and gals in business school who didn't have a good enough personality to become accountants. So, now they spend their time crunching earnings numbers. That's when I wanted to know it was time to get out. Don't tell me now. This certainly gives you a sense about the reliability of Wall Street analysts.