Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Dan Ross who wrote (386)	1/8/1998 3:15:00 AM
From: Rick Slemmer	Read Replies (3) of 18691

New short candidate: Qualcomm (NASDAQ:QCOM) 1. Stock was down 4 today on 2x volume; closed at 47.88 2. Support trendline ~ 42 3. My charts show very heavy distribution from early December, and I doubt the support will hold 4. Stock is well below all moving averages (200-day and less) 5. P/E over 40 Caution: The Super Bowl is here in San Diego this year, at the newly-renamed Qualcomm Stadium. Lots of air play may boost the stock. RS

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