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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 166.05+0.6%Nov 19 3:59 PM EST

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To: Jimbo who wrote (50620)11/17/1999 12:19:00 PM
From: limtex  Read Replies (3) of 152472
 
Jimbo -

IMHO when the bottom falls out of a stock like it is today then it can drop like a stone. No matter how good the stock is the way down is much quicker than the way up.

Shorts and sellers are having their day today. The more it sells and the weaker it looks the more it will drop and it wouldn't surpirse me to see it below $290 with an hour or so as the selling begins to climax into a panic.

Longs got a great ride with the benefit of some momos and panicked shorts alst week. That was last week and now sadly those that didn't get out are goign to go home tonight regretting it.

The Q story hasn't changed and it was nice to be above $250 even if for a brief time. It will get back above $350 no doubt one day.

Best regards,

L
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