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

To: MulhollandDrive who wrote (39552)	9/2/1999 1:16:00 PM
From: MileHigh	Read Replies (1) \| Respond to of 152472

bp, Check out the chart though, Q has not once violated it's 50 day MA in the past 6 months (even intraday) and has always bounced hard. I am not saying it won't break the 50 day MA but it hasn't yet and I have used this technique to enter Q twice and it has paid off. RE RMBS, yesterday it bounced off it's 50 day MA and closed above it, but today it gapped down below it, not a good sign IMHO. When this happens with RMBS, we all know it breaks the stock for a while. Regards, MileHigh