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Strategies & Market Trends : Point and Figure Charting

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To: Bwe who wrote (7886)	9/28/1998 8:08:00 PM
From: Judy	Read Replies (1) of 34810

Hi, Bruce I remain bullish on QCOM inspite of the P&F analysis, QCOM in the low 40's appears to be a gift for the long-term investor. When ALA announced its shortfall, every single stock in the sector EXCEPT QCOM caved. QCOM held like a rock, and the market is an efficient pricing engine. Notice also that recently QCOM has gone up on heavy volume and down on low volume, typically signs of institutional accumulation ... or at least the institutions are not selling. But three days of trading action a trend does not make. btw, I entered QCOM for a trade last week and stopped out today with minor profits.

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