Qualcomm Incorporated (QCOM) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 171.39

-1.0%

10:22 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: tradeyourstocks who wrote (93446)	2/7/2001 3:32:57 PM
From: American Spirit	Read Replies (2) of 152472

You're overly pessimistic on CSCO and SUNW. Sure it's easy to attack themn on a down day but they're stellar earners and will probably hold their new 30 and 26 bottoms. Same with ADBE at 40. Meanwhile IBM, MSFT and INTC are strong today and telcos are only slightly affected. LU is holding 17. Micros are holding okay. And I'd say this short attack is all but exhausted. Now watch two things. Calls for Greenspan to cut more right away (which he probably will) and how all those shorts are going to cover all at once. Could see CSCO back to 32 tomorrow and SUNW back to 28. Still growing 48% and 35% remember, and the clouds in the distance can burn away with aggressive rate-cutting and tax-cut news. This may be the best day to buy these stocks. Maybe. But I see no signs of CSCO going to 25 as shorts are calling for. They always exaggerate of course. As for YHOO it fell to 25 on a day like this but then went back to 39 quickly, on far less profit growth than CSCO.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next