Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 172.72

-4.4%

Nov 4 3:59 PM EST

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To: j.d.robbins who wrote (3)	9/13/1996 3:10:00 PM
From: Craig Schilling	of 152472

Great Question j.d., I use telescan's stochastic analyzer to track QCOM while it's in this current trading range. The stochastic length is set at 10 and the moving average length is 14 days if you have access to this technical indicator. In the past year the model has indicated 4 buy points and each time the price went below 38, and it also called 4 sell points each time stock passed through 48. If your patient and can track the stock on an hourly basis once it gets close to these points you can do pretty well (or use limit orders). The company is in this trading range for now because earnings have been poor as they put a lot of capital into manufacturing and employment. Believe me I know I live 10 minutes from the manufacturing facilities and it's been impressive watching the growth. They should break out of this range in the next 6 months as revenues increase, in the mean time it's a great trading stock with great liquidity. Craig

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