The New Qualcomm - a S&P500 company Message Board

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Technology Stocks : The New Qualcomm - a S&P500 company

QCOM 170.90

-1.3%

Nov 7 9:30 AM EST

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To: marginmike who wrote (1282)	9/4/1999 1:30:00 PM
From: Jack Bridges	Read Replies (1) of 13582

Always true with a gorilla stock, because there are always profits available from earlier levels. TA does not tell us when a strong channel may break -- only where we stand at any given point in time. Agree, "that it doesn't really matter" for those of us who are truly long term, except if/when we may want to add shares/leaps or write short term calls. The recent peak was ideal for the latter and simple logic/TA says that we are now in an ideal area for adding to long term positions. Jack Bridges

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