Was looking for a way to play the mobile / tablet boom without loading up on more Apple or Amazon (already have a big position there) and thought QCOM was a good bet...it's not super cheap at these levels but has pulled back from the highs over last few weeks with market weakness.
Thoughts?
You should have bought it in 1998.
EDIT: QCOM won me my high school investment club's fake stock competition.
It's always been very solid.
Look into CHK. Blackstone, Carl Icahn (owns 7.6%), and T. Boone Pickens have just drastically increased their positions. The stock is at its cheapest levels in history and I think you could make a fortune on it.
Another important fact: GS and Jeffries just loaned them $3 Billion to lower debt. NatGas prices have nowhere to go but up.
You can see that NG prices are already starting to retrace looking at the 1y chart. http://www.google.com/finance?cid=710363
I bought CHK last week on the dip just before Icahn disclosed. It was a nat gas price play (they've scaled back their hedges) but I'll thinking about taking the pop since it was in a tax free account
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