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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 165.03+1.0%3:59 PM EST

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To: Boplicity who wrote (32826)6/22/1999 1:05:00 PM
From: Jeff Vayda  Read Replies (2) of 152472
 
Will the Q repeat the recent performances and have a strong end of day finish? It has been showing nice strength all day so far.

Q is squarely in the cross hairs of investors, it is on so many screens that the slightest news (even if not particularly 'good news') causes a run up. It is nice to finally be on the positive momentum side of the investing equations. The best thing about the current momentum is that it will hold all the way to the earnings report in late July. (pending overall market positive movement)

Given some incremental good news till then, the expected good news from earnings could result in another 'very, very' strong run in the share price. It was fun 6 months ago to run the numbers and work up what the stock should be worth. Those same exercises are much more fun today knowing what the stock has done in the past 3 months.

Looking forward to late July.

Jeff Vayda
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