Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 147.19

-3.6%

Feb 3 3:59 PM EST

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To: waverider who wrote (93065)	1/31/2001 8:22:54 PM
From: limtex	Read Replies (2) of 152472

DH - Q has had its quarterly run up and now its due for a pull back for the next three months or so with occasional ups. Bottom my guess is about $69 and a rough trading range of say $72 to $77. What do I base this on... nothing except I just reackon thats the way the market works now. A lot of people and probably funds got out at $86 when it stalled and won't come back till next earnings season. The risk is too great to own stocks overnight these days. The safest thing to do is to reduce the time that you own stocks and thats what I think has been going on now ampng the professionals since the first shock last March. You might miss out on a big upswing but that hasn't been the case for nearly a year now. During that time being out after earnings seems to pay off so my guess is as of tomorrow down it goes. JMHO Best regards, L

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