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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 159.42-1.2%Jan 16 9:30 AM EST

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To: Gypsy King who wrote (59467)1/4/2000 6:11:00 PM
From: Uncle Frank  Read Replies (1) of 152472
 
>> I hope QCOM can hold support at $160, but I suspect that $120 - $140 is a possibility, especially considering how QCOM has been overhyped the last couple of weeks.

Gypsy King, qcom is a certified Gorilla, using the term in the technical sense of Geoffrey Moore's The Gorilla Game. Since the G&K gang "discovered" it in March, we have felt its growth would rival csco's. Look at Gorilla Cisco's long term graph:

finance.yahoo.com

There were a few dips in 1991 where Cisco fell from a split adjusted 25 cents to 18 cents and people who had bought at 14 cents bailed (as in "locked in their profits"). Many of them never got back in, because they felt the stock had "gotten away from them". Today they tell their grandkids that they could have been rich if only they'd known.

We know! Lengthen your investment horizon, and I think you'll see there is no reason on earth to sell Qualcomm at this moment in time. As Dr. J implied, the best is yet to come for Gorilla Q.

jmho,
uf
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