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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 179.47-0.8%9:30 AM EST

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To: Ruffian who wrote (26297)4/6/1999 4:21:00 PM
From: John Dough  Read Replies (1) of 152472
 
It's good to see all of the buyers that stepped in after the brief sell-off today. The decline was probably aggravated by stop loss orders. We recovered almost $6 from the low, in the last half hour of trading.

It shakes out some of the short-termers and confirms that the stock is still very much in demand, and under accumulation.

I believe that if there is a major market correction, we'll see a similar rapid recovery of the Q. I've seen it before in the "Darlings of Wall Street", such as DELL and CSCO.

Regards,

Mark
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