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

To: MileHigh who wrote (39688)	9/3/1999 2:51:00 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 152472

TA versus Fundy again amazed that people could actually think lowly Cowens, a kneehigh rubbish house, has the stones to knock down Q on a fundamental story spouting the same nonsense about handset margins... I truly suspect Qualcomm could sell handsets at cost as a promotional tactic advancing the accleration of CDMA adoption... that would likely cause the stock to rise!!! how about the technical story, relating supply to demand... QCOM got hit hard in the last couple days... it had a reflex short cover rally on Thursday off the floor under 160 to reach 173... it hit up against the shorterm moving averages from below, which led to selling... now it has retested (so far successfully) the lows at 160 area somehow the TA story seems much more credible to me / tech sharecrapper