Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 176.67

+1.6%

Nov 12 3:59 PM EST

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To: waverider who wrote (77763)	7/25/2000 5:26:14 PM
From: Jacob Snyder	of 152472

sold some at 68 7/8 today. This was the lot I bought on 7/17 at 70. Still holding the shares I bought later, at 65 and 60, 20% of my money. I have limit buy orders at 60 and 55. Below that, I'll think about LEAPs. I won't sell any more, unless I get some more at lower levels. Short-term, we're in a 60-70 range. I'm going to trade that range, trying to get my cost basis down. Today's news was interpreted as good by the Street, yet we stalled just below 70. When we break out of this range, I'd give even odds whether we break up or down. "Buy low, sell high": such a simple rule, yet so hard to do.

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