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Pastimes : ASK Vendit Off Topic Questions

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To: YlangYlangBreeze who wrote (12580)5/22/2000 5:26:00 AM
From: Venditâ„¢  Read Replies (1) of 19374
 
First upper QCOM resistance is $120. First string upper resistance is $125.

askresearch.com

There is nothing wrong with QCOM as a company. It had just gotten way ahead of itself over the past 1 1/2 years. Even the best of the tech stocks are getting re-valued.

It will be interesting to see how the summer market exodus will effect both the DOW as well as the Nasdaq. We will see a retest of recent lows in both indexes before the fall rally begins IMO.

Reid
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