Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 177.78

-2.2%

Jan 9 9:30 AM EST

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To: techguerrilla who wrote (73138)	6/2/2000 4:21:00 PM
From: Ibexx	Read Replies (2) of 152472

Your computer screen is not working? - or it's your eyes? QCOM is up $3 3/4, not bad for a (unfairly) bruised stock that is struggling to get back on its feet. I am pleased with what happened today. The last thing I would like to see is the 30-points-up-25-points-down type of yo-yo recovery. Any TA person with rudimentary knowledge will tell you that a stock on a downtrend needs to consolidate first - meaning reduced volatility and narrowed trading range as well as bid/ask spread - before it can resume sustainable upward move. Chances are you are not going to see Q in three digits in an awful hurry. As for me, it's only on the paper - I've got time and patience. Cheers, Ibexx

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