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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 170.17-0.4%10:40 AM EST
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To: Jeffry K. Smith who wrote (59227)1/4/2000 9:05:00 AM
From: DownSouth  Read Replies (1) of 152472
 
Jeff, I recommend you study the fundamentals of QCOM rather than trying to predict the future with TA. TA will reveal to you, perhaps, short term trends and psychology.

Recommend you go to the bookstore right now and buy Geoffrey Moore's "The Gorilla Game" and realize as you read it that QCOM is of that rare breed (Gorilla). It dominates its rapidly growing market (wireless); it posses huge barriers to entry (IPR) with its enabling technology (CDMA); that market has many years of rapid growth ahead.

Despite what the newsmakers say, QCOM is undervalued and will remain so for years to come--just as MSFT and CSCO were during their days in a tornado.

Now, get some rest and stop watching the short term moves. They mean nothing!
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