Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 170.90

-1.3%

Nov 7 9:30 AM EST

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To: limtex who wrote (91044)	1/2/2001 2:08:03 PM
From: carranza2	Read Replies (1) of 152472

It seems that today's activity is driven by the purchasing managers' report, a good indicator of a slowing economy. But we already knew that, so the latest confirmation by way of a lousy market day is somewhat strange. I should have thought that all this was already priced in. Perhaps irrational pessimism is the order of the day. The January interest rate cut, if a healthy one (50 basis points, or better), should get things moving up again. In the meantime, it seems like there are a lot of good buying opportunities, if anyone still has any cash left.

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