Agreed. I was trying hard to comment less on Q, but this really set me off this am. This has got to be the most unprofessional and totally clueless downgrade I have ever seen except for a few I have seen in the biotech industry. Unfortunately by the time next year rolls around and he is proven wrong, many will have forgotten the stupid downgrade that JPM made...lol.
Based on info from Fidelity Investments, Morgan Stanley ranks 16th worst (out of the 18 firms/analysts covering Qualcom) in terms of accuracy of price predictions. Nothing more needs to be said about Morgan.
Agree. I think it is a ploy to make short term gains when people realize the smartphone market isn't really maturing. Has anyone read about the projected growth of this market on a global scale. This guy is clueless.
QCOM cannot be down for long time, will go up by this Friday. Today's action was pure options play. These funds make millions of $s by trading every weekly and monthly options. The plan is to make these calls worthless and the price will be set accordingly. Pathetic!