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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 178.29-1.6%Dec 12 9:30 AM EST

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To: Jon Koplik who wrote (19612)12/12/1998 9:16:00 PM
From: marginmike  Read Replies (1) of 152472
 
In effect isnt that what just happened. We have the nasdaq at 2000 and anystock with any tech business with good earnings is way up. Yet we are 20% of our day before earnings high. After the last earnings we expected a move up. We had several good announcement including WIRELESSKnowledge yet we were back in the 40's briefly(interday). This is why I am now bullish. i think that anyone without absolute conviction has sold this stock. Can you imagine reading the Dataquest stats and reading BW and seeing how QCOM is getting killed in marketshare if you were small or stupid investor. These things not to mention the ITU threats would shake out all but the true Qcom believers. I think that now when everyone is down on our performance we are going to start going. The shakeout you expect has occured!
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