Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 177.78

-2.2%

Jan 9 9:30 AM EST

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To: marginmike who wrote (96266)	3/28/2001 12:12:59 PM
From: Pierre	Read Replies (2) of 152472

MM: You were contemplating Q* a couple of days back at these levels. Now that we're back here, any thoughts? FWIW, 20 dma is around 56 and just turned up a couple of days ago. OTOH, pennants, triangles and flags coupled with various livestock give varying interpretations. What to do? Are the forces of good gathering daily, soon to storm the gates at 61? Or are the forces of evil assembling at 55, prepared to pile on and drive us to the upper 40's again? And no, I'm not emotional about my investing <vbg> IMHO, Q* has support at 55. If it holds there, could gather for another run. If breaks below 55, probably hors de combat until earnings and guidance - unless, of course China lets some contracts. Me, I'm going to the well one more time with the April 50's. Curious your read. TIA. Pierre

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