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Qualcomm Will Rise On Tonight's Quarterly Earnings

Forecast didn't come true
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This one didn't happen. Qualcomm beat earnings estimates but came up light on revenue. I also thought QCOM was a short term bounce candidate based on getting hammered by the Apple lawsuit. Picking up shares at a discount and expecting a good quarter looked like a good strategy based on available information but it didn't pan out. I picked up shares at just over $55 and continue to hold them.