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


To: 16yearcycle who wrote (42795)9/29/1999 11:10:00 AM
From: MileHigh  Read Replies (1) | Respond to of 152472
 
Distribution? It opened at 194 and then dropped, they took it back up to 193'sh and sold off very quickly, makes for an interesting read on things...

Not worried LT but ST things look pretty crappy.

MileHigh



To: 16yearcycle who wrote (42795)9/29/1999 11:54:00 AM
From: Jim Willie CB  Respond to of 152472
 
what I make of low volume? ... not so low, little below monthly average, but that included the sudden Everen drop and the NYC conference rise

I see no distribution, characterized by prolonged stretches of sawtooth choppy action and gradual downchannel

this beast is watching and waiting... suspect many big players are ready to pounce if and when it enjoys more coffee in the 180's... also, many waiting for tech fever and market fever last week to show no lingering evidence

just waiting in no hurry, maybe expecting news of Motorola or Phillips deal to be announced... in the meantime, some turnover in ownership favoring some healthy greed that will not accept 203 for profittaking

/ Jim Willie