Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 165.13

+1.1%

Nov 26 3:59 PM EST

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To: Mr. Palau who wrote (37122)	7/25/1999 7:47:00 AM
From: Catcher	Read Replies (1) of 152472

good info re ibd rankings for csco. i once built a small portfolio comprised of stocks with top ibd rankings (eg 99/99/a/a/b) it sputtered for 2 months & i abandoned it. point is the rankings (in this limited case) proved to be good reflection of recent past performance---not indicator of near term performance. the ibd chief (can't remember his name) says buy hot stocks that are running up vs those that have been beaten down which generally works though not always. IF qcom's stock price begins to tumble we will simply see the ibd "relative strength" measure decrease from 99. don't get me wrong, i like the ibd indicator system. would be interested in your thoughts on ibd or qcom

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