Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.81

0.0%

Dec 26 9:30 AM EST

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To: Venkie who wrote (64237)	1/25/2000 9:51:00 PM
From: Boplicity	Read Replies (6) of 152472

The stock has been a story stock if there ever was one, the story is widely know now. We have been given the tell I was talking about. The stock cannot live on earnings alone. Unless we get something better from company then earnings are going to be less then they expected, the stock will trend. I will go as far as to say that QCOM is only a trading stock, worse dead money till the end of this year. If you are holder of QCOM and cannot have money that is trending or dead and can't wait till the end of the year to see a new 52 week high, then you should get out. If you are trader that held through earnings your were gambling, and lost. The low I have been saying is 126, we are going through the 25 day line never a good sign. The best case I see would be the development of a base in with the low 130s as the bottom and the high 160s, worse would be the development of a down trend with bounce in the 115 range. I'm happy a lighten up by selling QCOM and adding to CSCO, JDSU, and EXDS. I'm also happy to hold the remanding shares I have in QCOM. Greg

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