Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 178.29

-1.6%

Dec 12 9:30 AM EST

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To: Chris Reeder who wrote (1225)	3/23/1997 12:32:00 PM
From: Chris Reeder	of 152472

For those that don't care and don't really want to know; my weekly comments. Qualcomm It looks like QCOM bounced off of the 53-54 level and this maybe the low of this stock going into earnings. I say maybe, look to the rest of the commentary for the reason why. Time Series and Parabolic indicator might issue a buy. Stochastics has and MACD is close to issuing one. This in a week when, more lawsuits and a dismal performance by the NASDAQ. NASDAQ is at the 200 day mvg avg. VERY CRITICAL! I suspect we'll see Ericsson issue a PR release and escalate the war some what. Frankly the squareheads are in a no win situation. I'm suspect of this code breaker story and wonder who is behind it. I think folks will be really surprised by earnings in QCOM. All teh focus is on handsets. Omnitracs and Boatracs have signed more deals. Then there is Eudora. Rest of the Market Dow broke below it's 50 day mvg. avg and maybe headed for a run at 200 DMA. That is around 6300. As stated the NASDAQ is at the 200 day mvg avg. Money flow into the mutual funds was supposedly weak last week accoring to WSJ. A couple a more mildly bearish articles in Barrons. CRB is up, oil is trying to rally, grains are up and metals continue to strenghten. Dollar strenght is starting to show. Look what happen to IBM and Kodak. Expect more of the same in the coming weeks from multimnationals. Bond Flakes Now for the most interesting aspect of the coming week; my good friends in the bond pits. I've made a career trying to figure these clowns out. To no avail. I really don't know what will happen with the FOMC meeting. Bond market has factor a rate increase and act like they are expecting one. Will they be unhappy if the Fed holds steady? As perverted as this sounds, I think the bond market will be unhappy. So if we do the inverse, that means they will rally. Following? If the bond market fails to rally, the stock market will find it hard to rally. The pro's are increasingly expecting a correction. Normally that would be a great contrarian indicator, IT DOESN'T ALWAYS WORK. I like to see a capitulation sell before jumping in, which hasn't quite happen yet. Politic's Clinton is still in some hotwater, but I think everyone realizes that the Rep aren't squeaky clean. A troubling world scene is the Middle East. The US again veto a sanction against Irsael. As always, Do your own homework and soul searching, this is but my opinion!!!! Good luck and happy hunting!

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