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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: MileHigh who wrote (59488)1/4/2000 7:17:00 PM
From: zello  Read Replies (3) of 152472
 
All this talk about filling the gap is going to make people sell their shares in order to buy back cheaper only to find as soon as the gap is filled and they blink their eyes and put their order in to be filled Q is back over where they sold and they are forced to buy higher. How many of you who are calling the gap to be filled sold your shares today at a loss and hoping to scare others to sell in order to buy cheaper in hopes of regaining your red? Just curious. All it takes is one analyst to reiterate a $1000 price target (or $250) or any other bit of good news and all your predictions go out the window. You wrote, "nothing fundamental about Q changed AT ALL!" What does that have to do with anything? Since when are fundamentals needed to change in order to drive a stock price higher? It is future growth, anticipation of good news, smart management, 4-1 stock splits, better than expected earnings, Voltaire's predictions (had to slide that one in there), etc. Not to say that the stock won't retrace but making idle predictions and justifying it with fundamentals is baloney. If anything, blame it on psychology. Hasn't Tom (Voltaire) taught you anything? It is my observation that usually fundamentals changing is precisely what drives a stock price down anyway not up. People don't want the fundamentals of a great company to change.

Z
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