Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 177.78

-2.2%

Jan 9 9:30 AM EST

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To: marginmike who wrote (60425)	1/6/2000 9:53:00 PM
From: 16yearcycle	Read Replies (1) of 152472

I am down 8 figures since the Monday high, and can't believe our good fortune if you are right and we dump to under 120 tomorrow. I did trim a lot on Monday and Tuesday and am sitting on a lot of cash for the first time in 12 years. The 50 day ema on Q is 103.5 right now, but will move up to 106 and a fraction tomorrow. Within a week, it will be over 115, of we stay above 115. I will be buying under 120, and down to 100, which I don't think will happen. I will load up on calls, too. It's funny how quickly the worm turns. CSCO, which I got rid of late last week after holding since 1994,could hit its 50 day tomorrow(92). At 85, it would only be up 53% from its 2/1/99 price, exactly matching its revenue growth the same time frame. Lets hope for a brutal wash out tomorrow, BUT we will need a fair sized rebound before the close to reassure the markets for Monday.

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