Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: slacker711 who wrote (41260)	9/15/1999 7:39:00 PM
From: Jenne	Read Replies (2) \| Respond to of 152472

SuperModels update I warned Sept. 1 that momentum darling Qualcomm (QCOM) was exhibiting signs of a dangerous blow-off, including telltale leaps of $11 in a single session. That very day, it plunged $23 on an analyst's suggestion that earnings, while potentially splendid, might not be as unbelievably splendid as in the past. Shares of the wireless chip and handset maker appeared to recover for a couple days, but a look at its horrific daily MACD (moving average convergence-divergence) chart showed the jig was up. It then proceeded to fall another $10. Now, even the three-year/weekly MACD is rolling over into the danger zone. The stock recovered sharply Tuesday after positive comments by executives to analysts, but cowards and other risk-averse fund managers might well sell into the bounce. Chart readers would expect the stock to approach its old high of $198 before collapsing again -- a bearish event known as "making a double top." Only a powerful move through that old high on strong volume would be truly bullish -- and, of course, that could happen.

To: slacker711 who wrote (41260)	9/15/1999 10:58:00 PM
From: idler	Read Replies (4) \| Respond to of 152472

slacker711 -- I just showed up. I told the person at the desk I was an investor and gave her my business card. She asked me if I was registered and I said no. She then registered me. Frankly, I was surprised I got in; I was expecting to be turned away. It seems to me that they could now certainly put live audio and at some point live video of all such events on the internet, for people who can't make it to the conferences. As I said before, I can't see any reason why analysts should have access to information that the general public doesn't have access to. Regards, idler.