Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 165.66

+0.4%

11:08 AM EST

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To: waverider who wrote (77919)	7/26/2000 3:45:46 PM
From: marginmike	Read Replies (2) of 152472

I think we are consolidating and whille the broader market corrects we will tred water. I would also be concerned about a Qcom preannouncement if Korea doesnt get turned arround. All the good long term stuff wont change the short term reality. In any case buy the 50DMA break with a tight stop, or buy now and stop at 30DMA. The Nasdaq is about to be put to sleep in the next month. The fact of slowing earnings, higher inflation, and a weaker dollar(inevitible) means something will have to give. The fact that stocks are still in the stratosphere doesnt bode well for what the result will be. I hope I am wrong, but Naz needs a 20-30% haircut before the next bull run begins again. IMHO

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