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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: James C. Mc Gowan who wrote (22491)	7/19/1999 10:54:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 34811

Hi James. The momentum being negative isn't really a negative for this stock. Just means a normal pullback may be in the works. The RS is in X's and it is above trend performing brilliantly as of late. I don't know what you need a read on, whether to buy, sell, buy more - know what I mean. However, QCOM if owned for long term I obviously see no reason to sell at this point. If wanting to purchase more wait for a pullback (can move down to 142 and still be fine). If trading and have made a good profit selling a portion to lock in profits is always a good idea. This is not to say that I don't think it will continue up but it may pull back etc. All in all QCOM is a great stock and looks good here.