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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (37016)	7/23/1999 3:06:00 PM
From: marginmike	Respond to of 152472

Though I am not one to believe or not believe, I will comment that Q was in a very unusiall situation before it took of. This stock has not been easy to predict through TA. Though your sceme may be true, I think Q is unique in it situation and will not apply. I agree the stock has gone a long way, and will correct. I doubt it will see 100. It might, but I doubt it. The stock price was originally 100% to low because of Litigation and a loosing division. Hence, when these problems were corrected the stock lept to where it should have been. Do not forget that the Q tripled in size, and the stock did nothing. In two years rev went from 400 mill to 3 Billion. The stock went nowhere. I think 118-125 is the lowest you will see. Frankly at 100 there will be several companies who would swoop down and buy the Q in a heartbeat.