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: Jim Willie CB who wrote (45022)	10/16/1999 7:17:00 AM
From: t2	Read Replies (1) of 152472

I see slow uptrend in Naz staying in its channel, probably toward the low end It would be alright if the Nasdaq stays at the current levels for another week. What happens as we hit the final week of October? My guess is that a lot of money will flow into the market simply because October provides a great buying opportunity. Investors fear getting into stocks too early in the month. Once we get close to the end, they will "panic" and not want to miss out. That should provide an incredible bounce going into November. I also noticed how the Nasdaq was down a lot more than the Dow (on a percentage basis) in the morning but it came back up. Everyone wants the techs going into year end. Even the high fliers and internet stocks rebounded Friday and these are the ones most felt would tank and face huge declines. That is another very positive sign. I guess a lot of the bargain hunters know that this quarter is usually the best for e-tailing and the buyers come into net stocks countering any interest rate rise selloff fears.

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