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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 168.17+1.3%10:45 AM EST

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To: limtex who wrote (36554)7/21/1999 8:13:00 PM
From: marginmike  Read Replies (2) of 152472
 
It is my opinion that we will have a 10-20% correction in the next 6 weeks, a recovery and then another corection in OCTOBER(nazdaq). Y2K will spook investors. In that scenario Q could see 110 in a heartbeat. I would be surprised if we dont see 130 again. I am not a wide eyed optimiste. When the market was slammed(LAST OCT) I was saying it aint that bad, and was buying everything in sight. When the market is this overheated I will tell you its not that good. There are to many on this thread, and Yahoo who think this stock will only go in one direction. In the long term it will most likly go up. However in the middle of every quarter Q has corrected dramaticly. It has always come back, however thinking we wont see 150 is really naive
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