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

To: Jim Willie CB who wrote (41371)9/16/1999 9:43:00 AM
From: Uncle Frank  Read Replies (1) | Respond to of 152472
 
>> it is a confirming tool

But you have to admit that TA can be a dangerous tool in the hands of the unskilled or unscrupulous.

A business associate of mine has been a Q holder for 3 years, mainly by accident. When I found out last month, I updated him on Q's progress and urged him to add to his modest position, which he did.

On Tuesday, his broker called and urged him to sell; she knows nada about Q, but claimed the graph showed Q was very overextended, and spouted some pseudo technical analysis.

Come to think of it, this isn't about TA; it's about why brokers are the second largest cause of rotten returns. Imo, the first is diversification.

Have a charmed day,
uf



To: Jim Willie CB who wrote (41371)9/16/1999 11:50:00 AM
From: Nichols  Respond to of 152472
 
Concerning TA: I hope I'm not sounding too ignorant,but with a stock such as QCOM, I personally think TA is totally useless- in fact possibly harmful. Last month is a case in point. When QCOM approached 200 all the TA's were preaching "new high's/resistance broken" etc etc. When it hit the 150's, all the TA's were preaching "support broken" yada,yada,yada. Yeah, TA is fun and all,but concerning QCOM, it has a lousy track record. Darts anyone?


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