The only time I want QCOM on a high share price is the day I sell. Since I have no plans to do that, it's very convenient for me if I take a look at the share price and think: "That's ridiculously low. I will just hold the shares and continue to receive dividends and buy more shares with those dividends." If the share price is cheap enough, I will borrow 30 year money at 5% or something and buy a huge stack of QCOM and collect even more dividends.
<how can one be happy with 3.14159 million shares trading at high 30's instead of the low 80's based on your crystal ball>
It was very annoying in Y2K to have QCOM at [briefly] $100 per share [split adjusted]. That made it very tempting to sell [which would have led me into capital gains trouble with the NZ tax authorities].
Also, if the QCOM share price is very low, then when management buys back shares from people who are dumping QCOM, they don't have to pay much. The less they pay to sellers of QCOM the better I like it.
So, while I expect $82.82 for the share price, I'm happy if it goes to $32 next week in some sort of panic, just as it did from $40 to $32 in 1996 in a fainting spell which enabled Ramsey Su to wake me in the night in time to buy a swag more QCOM when it was obvious that nothing was wrong.
PS: When people boast about how many shares they have, they are not necessarily telling the truth. Before we vote somebody onto the Board of Directors, we should demand a proper count of all the votes.
The New QUALCOMM - Coming Into Buy Range | Stock Discussion ForumsShare