Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.01

-0.3%

Nov 14 9:30 AM EST

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To: Jorj X Mckie who wrote (52689)	12/6/1999 3:11:00 PM
From: HairBall	Read Replies (7) of 152472

Jorj X McKee: I expected the market to begin a retrace today. As I understand it, QCOM maintains about 20 to 25% of its work force as temps. Thus eliminating the need to pay those folks benefits, leaving every one of them with an insecure future. QCOM never hesitates to lay them off without a moment's notice. So, I never hesitate shorting this beast...short above 400. Trailing stops with initial downside support targets in the areas of 379/80, then 374/75. I would have responded sooner, but SI was not cooperating! Regards, LG

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