Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.54

-1.2%

3:59 PM EST

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To: r.edwards who wrote (59436)	1/5/2000 9:33:00 AM
From: Jim Willie CB	Read Replies (3) of 152472

risk/reward argument on 160 support holding if 160 fails, then next support is 25% lower at 120 a small amount of capital risked at 160 can assist already strong support here the reward is preservation of share value at/above 160 it is a nobrainer for the Houses to offer concrete support S&P Cup&Handle formation clear as day support right here exactly at 1400 before resumption rally throw out all typical seasonal patterns for Dec/Jan/Feb Y2K overrides all seasonal effects make all tactical and strategic moves predicated upon Y2K effect except for screaming technologies (wireless, fiberopt, chips), the lowtech and notech supply chains are gonna see some degree of surplus and perhaps choked stuffed oversupply then interest rate concerns (real & imagined) are looming clown economists are already talking about "THREE FED HIKES" this year I am more certain the Crusty Crew of Fed Governors will hike precisely when the economy slows down slightly this spring later, gators, great College Champeenship Game / Jim

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