Qualcomm Incorporated (QCOM) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 170.90

-1.3%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: straight life who wrote (26096)	4/5/1999 11:53:00 AM
From: marginmike	Read Replies (1) of 152472

George I believe there is some good merit to TA. When I like a stock and it breaks out of a trading range I buy it for the upswing. When a stock breaks through bottom resistence I run. However there are casses in which fundementals are upgraded dramaticly. In Biotech stocks when an FDA aproval comes out, the stock is repriced for its earnings projections. In the Qcom case it is a similear phenomenon. The market had heavily discounted the price because they believed incorrect information. That incorrect pricing is now correcting itself. I agree that this stock will take a breather, but I dont care. I want to buy more options anyway and wont at these levels. Heck, there is no way I am selling the stock. My taxes would equal my original investement! In any regard I believe that the pull back will not occur until after Earnings anouncement. The Q has historicly run up before Earnings, and is doing it again.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next