Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 175.26

+1.7%

11:29 AM EST

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To: LindyBill who wrote (48932)	11/10/1999 4:51:00 PM
From: Uncle Frank	Read Replies (5) of 152472

>> Can you hear the shorts squealing! Market lore says that a stock that gaps up will eventually refill the gap. When Q gapped up the day after earnings, short siders eagerly put their money on the table in full confidence that they had a big payday coming in the near term. But it's gapped up 3 more times since then, and the margin call bells are pealing throughout Bearsville. Sooner or later, the shorts are going to come to the realization that we might just have a Breakaway Gap in play and the 240 to 300 range may never be revisited! Come that fateful day, we will take a giant step towards the Magic Kingdom of $400 a share. It almost makes me feel sorry for those poor misguided souls who have sold Q without an appreciation for its fundamentals. jmho, FranQ

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