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

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To: Jeff Vayda who wrote (32870)6/22/1999 1:33:00 PM
From: Jim Willie CB  Read Replies (2) of 152472
 
<<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)>>

be careful... the TA momentum swing target is mid-140's... dont be surprised to see a sizeable (e.g. 15 pts) profitaking at that time... perhaps after approaching 150 on overshoot... who knows exactly? ... we are now in midst of 30% unabated upleg

this current strong move is still a full month before earnings announcmt... my expectation is for a very modest pullback prior to earnings, then an explosive upward move

<<If the rest of the market gains, QCOM will remain strong into the close>>

this morning QCOM showed strong breakout when Dow was down almost 100 points... this is a baby gorilla

any scuttlebutt on S&P entry? dont be shy, MikeP
/ jim
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