Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 166.05

+0.6%

Nov 19 3:59 PM EST

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To: Wyätt Gwyön who wrote (43087)	10/1/1999 9:22:00 PM
From: Voltaire	Read Replies (2) of 152472

Hi Mucho, I realize a lot of people do not want to admit it but it is nothing more than Houses increasing their inventory. I posted not long ago that the Houses are not going to pay $200 for QCOM. Why? Because they do not have to. They will only pay $200 if what? If they think it is going to say $250. I think Diamond is right, QCOM should be around $225/$230 after earnings. I don't even know but I can tell you one thing for sure after seeing what I saw today, Institutions could not have been selling, the little man was. Now if you could do this by simply exacerbating some trivial economic figures wouldn't you? People must realize, the Houses are not going to give you back the points they took off the DOW in one swoop, hell they can't make money that way. They first hit you with a couple of down days ( 200 pts or more) and they keep everybody scared and gradually bring it back up. That is why I said in about ten days we will see the trend. That was last week. Another key I talked about is TIME ( THE MOST UNDERATED KEY IN THE MARKET ) not timing mind you but TIME. Remember, we just now got Sept. over with. They will not let this market take off too fast from here including great stocks like QCOM until it is Healthy for the HOUSES, they know the rally that is coming after the first and it has got to be a control thing. I still say the big correction will come in the second quarter of next year because the DOW will be so high. regards, Voltaire

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