Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 171.54

+0.4%

Nov 10 3:59 PM EST

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To: METMAN who wrote (25310)	3/27/1999 11:13:00 AM
From: Sawtooth	Read Replies (2) of 152472

<<Just went to the moneyflow site....Q negative yesterday, topped the charts! Any thoughts......big blocks were leaving...shorts maybe covering...smaller investors jumping on board from other areas, but the run-up may be over for now. Not worried, but guessing we'll now be in a trading range for a while, until more news comes out...suppose this is obvious to most anyway.>> metman: What, me worry? (Alfred Neuman - 1968). As Philip Fisher describes (my paraphrasing) in Uncommon Profits from Common Stocks, be concerned about stocks that race straight up like a rocket, never pausing to catch their balance. Like a rocket, they eventually run out of fuel and plunge back; frequently to the level they started from. The best performing stocks pause periodically to consolidate and pull back a little; like resetting a spring for the next advance. I hope Qcom takes a little breather, then progresses, refreshed and strong. ...Tim

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