Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 152.72

-0.2%

3:59 PM EST

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To: Maurice Winn who wrote (12818)	7/23/1998 12:10:00 AM
From: Jon Koplik	Read Replies (1) of 152472

I think Maurice has scared away everyone from being the next "post." (This will definitely NOT be as profound as his thoughts). Someone asked (and, I assume a lot of us secretly thought) "any predictions for tomorrow's share price action?" I want to bring up yet another concept that I only know about from being involved in futures trading -- GAPS. (If you've never heard of this stuff, you'll probably think "are you kidding?" (which was exactly what I thought when I first heard about it (in 1978)), but, it does merit some consideration). Qualcomm reached a recent rally high (during regular trading hours only) of $58 and change, and then the low today was 59 7/8. So, there is a gap of $1 or more. So what? you might say ... Well, these creepy, weird chart things sometimes do turn out to have some predictive value. There are "runaway" gaps, "exhaustion" gaps, and "breakaway" gaps (in addition to the inconsequential "common" gap). (I am looking at my copy of The Chicago Board of Trade's Commodity Trading Manual , from 1985). I have to do something now. I'll try to type in the definitions soon. Jon.

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