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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: Keith Feral who wrote (81726)9/28/2000 12:13:55 PM
From: 16yearcycle  Read Replies (1) of 152472
 
The strength shown today supports your idea.

It is interesting to see how different the market has behaved this year.For the last several years, if we suffered through a 10-15% drop, or several down days in a row, analysts would consistently come to the rescue with buy recommendations on entire tech sectors, particularly if we were going into the weekend. This year we have seen that after several down days in a row, some analysts will pile on by downgrading a sector that has held up well, as if they are trying to knock out the last leg of the chair. So we have some dickweed downgrade the "optics" area this am. Really annoying, particularly after the last 2 weeks of road shows that companies like JDSU, GLW and NT have been at, where they have been reassuring investors that they haven't seen any sign of a spending decline.
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