Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 165.07

-1.0%

3:59 PM EST

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To: waverider who wrote (78025)	7/28/2000 1:52:28 PM
From: Jacob Snyder	Read Replies (1) of 152472

If we bounce here, I'll make the brave prediction that support at 60 (approximately) has been (shorterm) sort-of maybe re-established, unless things change, which they always do. I don't think 64 is an important number. It looks to me like the stock has gone through that number, in both directions, repeatedly recently, without even stalling briefly. If I manage to pick up more at 60 (buying on margin), then I'll sell some just below 70. If 60 fails, then I'll wait a while, to see if the stock gets into the range where I start buying LEAPs (40s). Volume still hasn't picked up. This is a bad sign, indicating that we (maybesortofIMO) haven't found a firm bottom. JS@equivocators.com

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