Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 166.81

-4.1%

3:59 PM EST

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To: marginmike who wrote (61676)	1/12/2000 8:11:00 AM
From: Keith Feral	Read Replies (1) of 152472

Mike: Do you think the trend in CDMA growth will be jilted if QCOM's stock price falls below a support line? I would recommend that any long term holders that believe in the growth of wireless communications, especially CDMA, not worry about anything except the fundamentals of this company. We both probably hold so much QCOM that it makes us think about these short term swing moves in the same way that Voltaire theorizes about the manipulation of the market makers. I have no problem with stock prices regressing to 50DMA. It's just part of the changes in money flow in the market. I do find it interesting to note that there was $10 billion in cash flow into equity mutual funds in the past 2 days. That ought to give the fund managers some money to put to work. In any case, if I were just starting to build a position, I would be licking my chops in anticipation of any price regression to the 50DMA. If it went below that I would just keep adding. Keith

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