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

To: gc who wrote (39724)	9/4/1999 10:16:00 AM
From: Jim Willie CB	Read Replies (3) \| Respond to of 152472

on the doghouse all these broker downgrades, margin warnings, component shortages, they are the most pleasant of business problems.. I learned to distrust brokers years back on simple pump & dump tactics, on recommending their own underwritten stocks, on ignoring strong little companies, on promoting the same old tired horses, on missing every new trend.. I have said it before: broker analysts are WHORES in gray suits in June the disruptive story was Korea and its chip demand falling off the cliff following end of permitted subsidies from carriers.. what a threat that was to July earnings!!! lets face it.. this August rally happened when many houses were on vacation.. they had to preempt it, if not reverse it, SO THEY CAN PARTICIPATE MORE FULLY on the next run the 3day rule for ridding margin call responses ends on Tues or Wednesday depending on when you interpret its start.. the shorterm moving averages are straightening out.. the 160 support line is huge and might be the next launch platform.. when the shorterm situation stabilizes, dont be surprised to hear a new chorus of broker whorehouses sing praises of QCOM and mitigate fears of shrinking margins in the least of Q's divisions I always thought that a slight slip in margins coupled with strong increase in volume is a sign of extreme health one week to resumption of uptrend.. using TA momentum swing principles.. on close basis swing from 193 to 163 up to 223.. on intraday basis swing from 198 to 158 up to 238.. my still useful chartist spectacles see 225-235 by Nov 1st.. it should be a rocky road though as we pass thru early October / jim willie