Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 168.09

+1.8%

Nov 28 9:30 AM EST

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To: puzzlecraft who wrote (65128)	1/29/2000 12:37:00 PM
From: Jim B	Read Replies (1) of 152472

Cramer thinks QCOM's run is over.. rather than simply having a correction... with the market as scary as it is.. folks I think are locking in profits from anything that has run up huge within the last 3 months.. that makes QCOM a major target... let's just hope that if we dip to $80 or $90 that it's temporary.. next week will be ugly... jim from thestreet.com 1/28/2000 evening "Cramer then declared Qualcomm's(QCOM:Nasdaq) fantastic run "over" and rattled off a laundry list of what he bought and sold Friday. "I was selling my Red Hot B2B's," he said. But he bought some beaten up "old tech" like Microsoft(MSFT:Nasdaq), Intel(INTC:Nasdaq) and Sun Microsystems(SUNW:Nasdaq). Manley and Greenberg both expressed concern over an "out-of-control economy" and overconfident consumers, while Kansas asked if Cramer believed a continued move to stocks with lower price-to-earnings was in order. He does. The discussion ended in a rare moment of harmony on the "TSC" set, with the panel generally agreeing that a real return to value could be expected Monday. "I bought Fannie Mae (FNM:NYSE) into the chaos. I bought J.P. Morgan (JPM:NYSE) into the chaos. I did not buy the Qualcomms," explained Cramer. "

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