Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.54

-1.2%

Nov 13 3:59 PM EST

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To: waverider who wrote (45835)	10/22/1999 8:06:00 PM
From: jewishcarpenter	Read Replies (2) of 152472

price movement was quite stable this morning around 223 early we might see more stability around the 18-hour Moving Average at 215 then we might well expect at most 230 or so by midweek don't allow pride to dictate and change your perspective the higher we temporarily rise above 220 the lower we are likely to slip below 220 following earnings the 225 mark served well as a target relax that mark a bit as a swing point 95-100% of the good news is factored into the QCOM price the S&P is 100 points off its high the Dow is 800 points off its high the Nasdaq is 90 points off its high both S&P and Dow are close to upper boundaries of "downchannels" unless at least one or two major indexes joins QCOM, I would not expect theQ to rise in stable fashion much higher than the recent highs today / Carpenter

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