Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 176.67

+1.6%

3:59 PM EST

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To: Boplicity who wrote (62493)	1/16/2000 11:04:00 AM
From: Jenne	Read Replies (2) of 152472

Summary Of Dropped Calls -------------------------------------------------------------------------------- QCOM $140.44 (-9.56) What can we say, QCOM is choosing it's path and its not the direction we want. Even with the Nasdaq's record breaking highs and good volume for QCOM, it closed down on Friday. QCOM is no longer following the Nasdaq. It's that new direction that has caused us to drop QCOM. It is still holding support at $140 and that is a good indicator, but we just don't see any life in QCOM. Their earnings are due the 25th (that is about 7 trading days)and if they were going to make a run based on those earnings, we would see some enthusiasm in traders. Besides, QCOM has never been a company based on the present, they are all about the future so earnings based on present numbers may not do much for them. optioninvestor

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