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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 175.08+0.2%3:53 PM EST
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To: John Carragher who wrote (89268)12/6/2000 7:57:38 PM
From: Hector  Read Replies (2) of 152472
 
FWIW, I'm positive on both SUNW and CSCO for the short-term. CSCO is probably good over the next 2 months to the high 50's or low 60's and and SUNW to 110-115.

If they hit those targets, I'd be out. I expect serious redemptions from large cap growth mutual funds that hold these stocks. This should happen between February and April 2001 as investors prepare their tax returns and find that they're paying taxes on capital gains distributions and at the same time the values of these portfolios are way down.
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