Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 170.90

-1.3%

Nov 7 9:30 AM EST

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To: qveauriche who wrote (116597)	4/12/2002 8:11:12 AM
From: Wyätt Gwyön	Read Replies (2) of 152472

qveau, i think you asked about the TA a few days ago...i would just say imho to keep in mind that QCOM is now decisively below its post September 11 low, and has again broken through the 37-38 support that first gave way in the wake of the tempest-in-a-teapot "accounting issue", which the market soon blew off. the major averages are about flat compared to 6 months ago, while many stocks like SEBL are still way up (even after falling recently). meanwhile, a major wireless vendor like NOK is about flat with the averages. in contrast, certain cos have broken down quite a bit over this period, like EMC and QCOM. sometimes the charts can be illuminating. of course this doesn't say where the stock will go in the future, though i find it amazing that it is still around 10x sales after falling this much. finance.yahoo.com

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