CDMA, Qualcomm, [Hong Kong, Korea, LA] THE MARKET TEST! Message Board

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Technology Stocks : CDMA, Qualcomm, [Hong Kong, Korea, LA] THE MARKET TEST!

QCOM 174.01

-0.3%

Nov 14 9:30 AM EST

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To: Maurice Winn who wrote (296)	7/23/1996 1:19:00 AM
From: Chris Reeder	of 1819

With rescent market action on companies that report better and better than expected earnings selling off after announcing, I have to say it will end lower. Earnings won't start to happen until '97. Market in a funk right now. QCOM at 100 PE and this and last earnings doesn't help that fundemental. Todays action were shorts covering before the report. If MSFT gets slammed, it will drag the rest of the market down. Between now and the end of the year it will be a rollercoaster ride.

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