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

To: Ken Bobey who wrote (37606)	8/3/1999 7:54:00 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 152472

The bottom for Mighty Q? Gee, that's tough one. $93 seems a nice round number if the Dow does a dive to 8314. That should be enough to make a few knuckles white. Q! seems to be one of those stocks which is volatile and held by speculators, gamblers, shorts and longs in profusion. It is also big enough and ugly enough to be a computer algorithm wars trading stock as well, so that should add to the excitement. There are a few months to go before the next quarterly report which will give time for people to panic and China to remain in the CDMA doldrums while Taiwan, WTO, embassy bombing, internal politics and China exchange rate games get a bit messy. The USA is well used to cdmaOne being on the rampage, so the excitement of massive cdmaOne sales in the USA has been absorbed. Stuff like that. Just the good old bipolar markets doing what they do best. Sure is a nice day. Mqurice PS: Meanwhile, about $1.3bn in Q! stock traded today for the third biggest transaction day in history. If I haven't lost count. Also, this is a big one on the downside, whereas the previous three biggies were on the upside. So it's three steps forwards and only one back. It's sure fun being a TA! Also, that head and shoulders graph on the internet stocks seems to have been a real head and shoulders with the downswing underway. bigcharts.com Now below 400! Look out below.