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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 164.21+0.5%9:47 AM EST

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To: Jim Willie CB who wrote (50292)11/16/1999 9:07:00 AM
From: Cosmo Daisey  Read Replies (1) of 152472
 
Jim,
A ten point drop certainly doesn't signal a break in momentum for the mighty Q*. Less than three percent is not a significant indicator of anything other than normal market conditions. The might Q* has been going up and up and up so we have started to expect 20+ point days everyday. If you look at the interday high compared to the close its a bigger change but the last trade of the day is the fair value and that was a miniscule 10 points on a 370 stock. MSFT had a bigger % drop yesterday, CNXT also and I don't see the gloom and doom postings on those stocks.
cdaisey@trend-is-your-friend.com
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