Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 152.21

-0.3%

3:59 PM EST

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To: q_long who wrote (71976)	5/19/2000 1:42:00 PM
From: Jeff Vayda	of 152472

I feel I must break with tradition and issue an early call: "It's Friday, Have a beer. In fact given this week's share price action - have two." It has been an ugly week. Until the general market sentiment is reversed things will continue to be ugly. I feel for the 'Short-Termers' - the people who jumped on the wagon just before the split and are looking at some serious losses. They must be looking to cut and run as their outlook is too short to find comfort in Qualcomm's story. 'Mid-Termers'(holders for one year) are likewise probably hurting as the 'profits' waste away. I see continued selling pressure from these 'Mid-Termers' as their capital gains inflection point is realized. As for us 'Long-Termers' we are back to Nov99 levels. It was nice in January but it really aint that bad right now. Run the numbers, divide by the square root of two and it still looks good. Best Shuttle launch in years as it arched into the rising morning sun. Tomorrow will be Qualcomm's day in the sun. In the mean time, I'll have a beer. Happy Weekend Jeff Vayda (Now if I can only get Loral/G* off their dead butt! Hey Mq - looking forward to next week.)

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