Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 173.43

-0.8%

3:59 PM EST

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To: waverider who wrote (64323)	1/26/2000 1:39:00 AM
From: jmanvegas	Read Replies (3) of 152472

DH: 1)Yes, I think QCOM is going down from the $149 close today. 2)I think we will gap down leaving a nice little hole in the charts. 3)I think there will be an attempt to rally either tomorrow sometime or the next day. That will be met with resistance and I think we will see QCOM trade in the 120's during the latter part of this week or next coinciding with the Fed meeting. 4)I think we will be range bound with the 140-150 area having stiff upper resistance. I don't have a feel for the lower level, but an approximate 20% Naz correction from these levels could bring QCOM down to the 100-110 level - that is pure guesswork as this entire post is. JMHO FWIW. 5)I think that after the earnings season is over, there will be a lull for the next month or so, and Naz will correct and high valuation tech stocks will correct further. There will be volatile back and forth trading until the tax season in April is over. 6)By the middle to end of the year, QCOM will enjoy one great rally that will propel it to new highs. In 2-3 years out and for those who hold QCOM through that period, immense wealth will be theirs. That is what is ultimately important. We just got to eat it over the near term. It comes with the territory for those who own an emerging gorilla, and now the gorilla must take its usual long nap. 7)I will not add to my position unless I see an incredible bargain - will hold on to my shares and ride it out - it's going to be very bumpy. 8)NOK is a big ???? China will not enter the WTO this year - I don't know how this will affect QCOM but it's not positive. However, it won't stop QCOM from negotiating with China. AT&T is a big ???? as well. 9)I sure hope I'm so wrong on all of the above. I would like to keep my enormous gains as would everyone but Mr. Market has a way of always extracting some pain. So be it! jmanvegas

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