No, but at least its come out of the clouds, like I expected it to. Right now, there are just other stocks I like better that I think are either have been pummeled more, or are more defensive during this time. So, since we all have a finite amount of dollars, I have to say, “What is the best use of our investment capital right now?” rather than does X stock look good right now.
No doubt, QCOM is a good company and is at a much better price that it once was and that it’s pared back like I said it would do. But with its forward P/E of 18, I believe we can do better, right now.