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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 166.05+0.6%3:59 PM EST

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To: carranza2 who wrote (117809)5/1/2002 1:23:07 PM
From: sea_biscuit  Read Replies (2) of 152472
 
It looks like QSAND holders have been shaken a bit. Every bear-market rally brings hope and also a steeper decline in its wake. Now that we are below 30, the mood has turned a bit somber!

I have noticed that once the stock goes below the psychologically important mark of 20 and heads into the teens, message boards will turn into funerals. Go look at the CSCO board. There is very little hot air these days. Stock is at the mercy of daytraders who flip it after 5, 6, 7 percent gains.

This is not to say that arrogance will not make a comeback here again. It probably will. But eventually this stock is destined for the dumpster and that is what counts in the final analysis.
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