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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 173.96+1.4%3:59 PM EST

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To: Boplicity who wrote (73865)6/14/2000 5:44:00 PM
From: Cleo  Read Replies (4) of 152472
 
I'm not sure what to make of this day.

Before this day started, based on the MACD, I thought QCOM was in good shape.

I bought into the selling three times today, expecting a bounce by the end of the day.

In retrospect, it was obviously a mistake (short term anyway) ... there were big block trades going all day and so I'm assuming some institutions were dumping ... which probably means that it could well continue over the next couple of days while they complete their selling.

I'd love for someone to give me some logical reason why this is not the case. ... other than just hope (which I am clinging to) :)

cleo
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