Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 175.25

+0.6%

Dec 19 9:30 AM EST

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To: gc who wrote (46558)	10/29/1999 7:55:00 PM
From: marginmike	Read Replies (2) of 152472

What on earth are you talking about. I have owned this stock for as long as anyone, and the only thing predictible is that it is unpredictable. The week before 54 pt earnings run(in one day) Q plumeted recovered and slid down again. In actuality Qcom looked like it was about to collapse. The day before earnings it finally showed a litlle life and then POW 54PTS. At the time I thought like you did, and it was the one and only time I bought puts. Needless to say I lost 27,000 on puts in one day. Though I made 30X that long I wasnt happy about loosing faith. STOP trying to guess momentum and forget about it. Gramm Tanaka was just on CNBC saying He liked Q better then Nokia, or Ericy because they were the "INTC of wireless". If that is true who cares what the numbers are tomorrow in three years we will be 200-300% higher unless Q management does something incredibly stupid.

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