Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 177.78

-2.2%

Jan 9 9:30 AM EST

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To: jmanvegas who wrote (37577)	8/3/1999 4:15:00 PM
From: limtex	Read Replies (2) of 152472

I believe that the China-Taiwan tension is creating a larger selloff in QCOM compared to its peers. Essentially, the implementation of CDMA in China is up in the air due to tensions in the area, including renewed tensions between the US & China due to arm sales to Taiwan. I don't buy any of that. This is the summer. Today it was the Q's turn to get treatment. Tomorrow maybe it'll be NOK. NOK may have a bunch of shareholders in Finland who never sell since it represents over 30% of the Finsh exports. This was an August sell off day and there are going to be another six weeks of it well into September. Its just like Jan/Feb this year and May/June. It is clear that there are a bunch of investors who get out of just about everything they have just after a week into earnings season. They get back in about two weeks before the end of each Q. They don't take any risks, they doin't hold stock and they figure that that kind of strategy gives them the least possible exposure to stocks with maximum gains. It has worked a treat this year. The total nonsense that CNBC talks....investors are worried about ...... whatever it is on any particular morning is just so much hot air. This is the summer and it is by far the worst of the inter earnings season doldrums. The Naz is going to be creaemd in the next few weeks and every day there will be another story. These games will carry on till the Sept quarter earnings get within sight and thenthe reality of the stength of tech earnings will make themselves known again. Meantime therre are bound to be a few 100+ down days for the Naz. The Q is now firmly in a down ratchet. One really bad day and it will really get nauseating. We are at day two with another eighty odd days to go. The least upsetting thing to do is to get out completely of all stocks one week after the earnings announcements start. Regards, L

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