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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 152.72+0.7%12:49 PM EST

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To: Mark Fleming who wrote (112559)2/9/2002 8:58:55 PM
From: Mark Fleming  Read Replies (4) of 152472
 
This may sound crazy, but I am actually happy about what happened on Friday. I was getting sick of the slow Chinese Water Torture! I believe on Friday we saw capitulation for the stock. Shares were scared out of the remaining weak hands; shares are now solidly in strong hands.

When the shorts see that there is little selling next week, they will cover here.

Everything is now in the open, and we even now know Irwin has two sons at Qualcomm!

I am thrilled that the Friday report allowed me to increase my holdings even further. Although my initial shares were at around 6 from the old days, I don't think I've ever felt better about buying QCOM than at Friday's level.
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