Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.10

+0.4%

9:40 AM EST

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To: Voltaire who wrote (61564)	1/11/2000 8:15:00 PM
From: marginmike	Read Replies (2) of 152472

So what your saying is we will go way up, then come way down to exactly where were are now? Geez you should work for psychic hotline. In my opinion we will retest 50DMA as I said a few weeks ago. I think it will occur the first week in feb co-inciding with earnings lull. I think we will then go sideways for 6-8 months much like AOL last year. This stock needs to catch up with the extended price. I will write covered calls against my entire position if we get close to 200 by earnings. The fair value of Q 12 months from now should be 200 per share. Unless earnings are acelerating faster then projected. I do believe the overall market in techs is near exaustion. I sold most of my small techs today to batten hatches for the coming storm. I am still a long term bull but reality will set in!

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