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?
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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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