Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 151.59

-0.4%

Jan 30 9:30 AM EST

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To: MileHigh who wrote (65985)	2/3/2000 8:41:00 PM
From: jmanvegas	Read Replies (2) of 152472

MH: The Naz is up 10% this week from the sell-off - continuous 100 point up days are not normal but these are not normal times. Even if the Naz goes to a new high in this run, it will violently back down. This market is a 2-way trading affair right now and quite volatile. With all the good news out in QCOM this past week, it failed to close over 140 today. It is indicative of a tired stock which needs to rest. A year from now, QCOM will be make new highs. Currently, for the next few months, one will be able to buy all the QCOM they want in this trading range we see before us. I'm holding my QCOM, have not sold a share, and do not intend to do so, but I have no intention of adding to my position. The QCOM story really unfolds in 2001-2002, which I foresee as a boom to its stock price at that time. As an aside, I've been moving some serious money into S. America & Asian (especially Indian) ADRs - both areas are now just entering internet/broadband boom times. Clinton is going to visit India next month - first time in 22 years a US President has visited the sub-continent. Should bold well for growth stories over there. JMHO, which is all any one of us has. Good luck to you in your trading and investment endeavors. jmanvegas

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