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

To: The Prophet who wrote (37800)	8/7/1999 12:12:00 PM
From: Boplicity	Read Replies (1) \| Respond to of 152472

Any downward movement should be limited to 120 we I see support range depending on the health of the general market and would provide a great entry point for those that are nimble. The reason have use the word "Nimble" is that any spike down will be just that a spike. We saw this already with the quick recovery from the high 130s. A recovery like we just had shows to me the there is a lot of cash ready and willing to get into QCOM. Also, the above mention action during the recovery adds support to my last post where I said that if when QCOM keels over we would be near the end, just like we saw Thursday with the over sold condition and the quick recovery we saw in QCOM after it fell. When one looks at the action in a stock one should not be chained to the technical while reading a chart, one has to understand the importance of the technology behind the stock to generate future income for the company, and how others should be or are perceiving this importance, QCOM has this in spades. It's apparent how others feel about QCOM just by watching how fast it recovers and how strong it will act after it has a downward movement and how strong the stock will act during market wide downturn. re: Eiffel Tower <g> Greg