Qualcomm Incorporated (QCOM) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 154.13

-3.3%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TShirtPrinter who wrote (45700)	10/22/1999 8:55:00 AM
From: Jenne	Read Replies (2) of 152472

QualComm(QCOM) NEW LONG PLAY!! 10/21/99 $215.69 TARGET=250.00 STOP=180.00 RISK=3.5(out of 5) EARNINGS PLAY/SPLIT CANDIDATE = moderate trader QCOM skyrocketed today! Share prices rose 6.6%, or $13.38 in a direct ascent giving us evidence that QCOM is likely rallying ahead of its earnings. Qualcomm is confirmed to report on November 2nd after the bell. Keep in mind the stock's volume relative to its gains hasn't been a good indicator of late. Recently, QCOM made incredible gains on trading volume sometimes as low as 50% of its ADV. Support is firm in the $180 to $190 range and we've set our STOP at the lower level of the spectrum. The stock's spike today pushed it above its 10-dma ($206.66) indicator and this is definitely a bullish sign. Banc of America is also bullish on QCOM. They raised their target price on QCOM to $240 from $200 today citing 4Q sequential chipset orders are better- than-expected. And last Friday, First Union Securities had reiterated its Strong Buy rating. If the straight-up-from-the- open pattern continues over the next few days you may have to wait for a pullback to get an entry into this powerful play.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next