This stock got punished because the iphone market may have been shrunk by other phones today. The problem with that logic is most of the other phone makers use qcom chips. I bought 25 dec 22 57.50 calls for 2.46. We will see a pop in this monday.
I agree,,,,this is gonna run.... this is the guts to all the phones ..The bidu- google- apple-amazon of its space....
Sentiment: Strong Buy
I agree. Apple dropped 4%, so QCOM dropped 5% even though the amount of chips they sell through apple in no way justifies it. Probably an excuse to do some fiscal cliff tax selling also.