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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 178.73-1.9%12:04 PM EST

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To: Neeka who wrote (112060)2/2/2002 5:50:42 PM
From: Art Bechhoefer  Read Replies (1) of 152472
 
BARRON'S contrarian indicator. Look in the index of companies covered in articles in each week's BARRON'S. You will find that almost always there is at least one article mentioning Motorola and one or more mentioning Nokia, but almost never any article mentioning QUALCOMM.

The frequency that Motorola and Nokia are mentioned without any references to QUALCOMM is an indicator of short term gains for Motorola and Nokia and short term losses in the price of QUALCOMM. On the other hand, it may also be a contrarian indicator for long term purchases of QUALCOMM (i.e., buy on no news or on good news from Motorola and Nokia).

The latest BARRON'S, in its usual display of "neutrality," has articles on Nokia and Motorola, not on QUALCOMM. BARRON'S invariably prints unfavorable articles on QUALCOMM, including a memorable one about 7 years ago that claimed CDMA would never work . . . (!) They might do better relying on photos of the stars.

Art
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