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 170.90

-1.3%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: marginmike who wrote (97652)	4/18/2001 10:08:18 PM
From: Keith Feral	Read Replies (1) of 152472

Bear market rallies are the inverse of Bull Market corrections. You get huge retracements back to the moving aaverages that are probably 50% higher from current prices. I think the NASDAQ has an easy road ahead thru the end of the quarter - July might be stretching it a bit except thru the end of 2nd quarter EPS's. It was great to see Greenspan's move to devalue the dollar relative to the Euro and the Yen. Last month's move by Europe not to drop interest rates to sustain a higher purchasing parity of the Euro relative to the dollar does not seem like such a shock now. It appears to me that the shorts are going to get wiped out from here. The overnight surprise with INTC's positive outlook for the second half of the year coupled with more FED easing completely caught the market off guard. There was no way for anyone to anticipate this kind of reversal in such a short space of time. I wonder how long it will take the shorts to recover from the fundamental shift in money flow.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next