Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 151.59

-0.4%

Jan 30 3:59 PM EST

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To: Richard K. who wrote (37784)	8/6/1999 11:20:00 PM
From: Ken Bobey	Read Replies (1) of 152472

>I disagree. The stock is in a downtrend. The stock broke hard on Tuesday this week. The stock has risen the past three days on lower volume than the preceding days. You may have a couple more up days if you're lucky, but the stock will come down hard. My read also. Actually, the stock broke hard on two days and bounced off 136-137 both times. The market is in a down trend for the next two, maybe three, months so it's only a matter of time before Q falls below that support level. After that, who knows? I'm nervous, it could be a long way down... Happy trading!

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