- Walter Piecyk
Walter Piecyk was a
Wall Street securities analyst notable for his action onDecember 29 ,1999 while withPaine Webber of putting a $1,000 price target on the then high-flying shares ofQualcomm (QCOM). When the trading day closed, Qualcommshares were up $156 (31%) to close at $659 a share on the day.Today, Walt works at the securities firm. Pali Capital, where he continues to cover the telecom sector as an equity analyst.
QCOM currently trades in the $40 range (this is not split adjusted, so not a good comparison). It's down from the split adjusted price of 78.99, but not the tank that the comparison above tries to portray.
Walt can also be found defensively editing his own wiki page.
http://finance.yahoo.com/q/bc?s=QCOM&t=my&l=on&z=m&q=l&c=
http://finance.yahoo.com/q/hp?s=QCOM&a=11&b=20&c=1999&d=11&e=31&f=1999&g=dPRICES Date Open High Low Close Volume Adj Close* 31-Dec-99 171.00 181.12 167.25 176.12 72,674,200 84.44 31-Dec-99 4 : 1 Stock Split 30-Dec-99 736.00 740.12 638.94 647.00 129,003,200 77.55 29-Dec-99 562.88 662.06 560.00 659.00 118,083,200 78.99 28-Dec-99 527.76 528.50 470.00 503.00 39,803,200 60.29 27-Dec-99 478.25 520.12 458.25 513.44 50,074,400 61.54 23-Dec-99 478.75 479.00 464.44 466.50 43,408,800 55.92 22-Dec-99 519.50 522.12 485.00 485.44 56,937,600 58.19 21-Dec-99 479.56 500.88 479.00 496.88 50,101,600 59.56 20-Dec-99 455.88 479.50 451.62 466.81 45,477,600 55.95
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