Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.34

+0.1%

9:33 AM EST

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To: Boplicity who wrote (69933)	3/29/2000 12:17:00 PM
From: marginmike	Read Replies (2) of 152472

Greg JDSU is overvalued, I told you that at 160. In my opinion JDSU and Chip stocks must consolidate gains. In My opinion JDSU has become the dead money stock for at least 4-8 weeks. All the good news was factored in the stock, and now it rests. Qcom on the other hand has finnished sleeping and had no good news priced in. Remember this game is about supply and demand, the fundimental are important in the long run but stocks go to far to fast. The overall NAZ volume will be AVG and the last two days were anemic which tells me this aint lasting much longer. The fact that JDSU will retest low of 115 is inevitable before this Naz correction is over. VRTS will see 130 again and so on. My portfolio is actually considerably outperforming the market because I only bought stocks that already corrected.

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