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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: BRANDYBGOOD who wrote (50081)	7/13/1999 10:40:00 AM
From: lee kramer	Respond to of 120523

Brandybgood: QCOM (general comment). The announcement of a secondary offering almost always puts a cap on the stock. i.e. a temporary top. QCOM's "secondary" may be a bit different since it's relate to the company's addition to the index and the need for overallotments. Check the number of shares outstanding, check the "float"...see if 4 million shares is a meaningful amount or inconsequential. NITE's announcement of a "secondary" in early Feb '99 put a lid on the stock, the stock dropped 10-12 points. On Feb 26, the day of the secondary which was priced at $35 the stock dropped to 32 7/8, I was fortunate in picking up some at 33 1/2 and more up to 39. Then it was up, up, and away. (Lee)