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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 173.96+1.4%Nov 11 3:59 PM EST

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To: Yogizuna who wrote (81725)9/28/2000 10:55:10 AM
From: marketing1  Read Replies (1) of 152472
 
Thread: What is the effect of “ end of quarter window dressing” on the Q this week?
Might be a little soon for a fund manager who dumped his Q holdings by the 2nd quarter to rebuy for the 3rd quarter. Although it certainly does not appear that they are selling.

Although, the selling is over, perhaps it is too soon for the fund managers to rebuy now.

Monday starts the 4th quarter. Also we have end of year (oct31) selling of loosers to offset taxable gains for many funds. I read somewhere in early summer that both Q and Yhoo would probably be targeted by fund managers for selling Sept./Oct due to the large losses of both. But I don’t see that happening.

Considering these 2 factors, and the general negativity in the stock market, Q seems to be holding up pretty well right now.

Maybe some folks are watching on the sidelines, not quite ready to commit to buy until a definitive earnings related action takes place. There are several such actions pending.

Maybe some more conservative folks need to wait more because their “buy” trigger is pushed only when earnings acceleration resumes, which might not happen until Jan 2001.

Maybe, there exists only a relatively few fortunate investors who are unconstrained enough at this time to be able to buy now. These are the folks who see that the bottom is "in", and the top is far up that it is nearly impossible to define.

Sentiment is clearly changing for QCOM.

It’s only a matter of Time.

Regards,
Marketing

PS It’s a beautiful autumn day here after 5 full days of rain. I think I’ll go play golf.
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