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

To: Wyätt Gwyön who wrote (43087)	10/1/1999 9:22:00 PM
From: Voltaire	Read Replies (2) \| Respond to of 152472

Hi Mucho, I realize a lot of people do not want to admit it but it is nothing more than Houses increasing their inventory. I posted not long ago that the Houses are not going to pay $200 for QCOM. Why? Because they do not have to. They will only pay $200 if what? If they think it is going to say $250. I think Diamond is right, QCOM should be around $225/$230 after earnings. I don't even know but I can tell you one thing for sure after seeing what I saw today, Institutions could not have been selling, the little man was. Now if you could do this by simply exacerbating some trivial economic figures wouldn't you? People must realize, the Houses are not going to give you back the points they took off the DOW in one swoop, hell they can't make money that way. They first hit you with a couple of down days ( 200 pts or more) and they keep everybody scared and gradually bring it back up. That is why I said in about ten days we will see the trend. That was last week. Another key I talked about is TIME ( THE MOST UNDERATED KEY IN THE MARKET ) not timing mind you but TIME. Remember, we just now got Sept. over with. They will not let this market take off too fast from here including great stocks like QCOM until it is Healthy for the HOUSES, they know the rally that is coming after the first and it has got to be a control thing. I still say the big correction will come in the second quarter of next year because the DOW will be so high. regards, Voltaire

To: Wyätt Gwyön who wrote (43087)	10/1/1999 10:54:00 PM
From: Jim Willie CB	Respond to of 152472

MuchoMan, can I take a stab at dosey-do? what I see is a waiting pattern.. TA folks might have a better name like a "bullish flag".. during this time we trade in a relatively tight range, with breakouts not happening.. why should they? we need more information.. we also need more time for the mindless lemmings to finish their ritualistic jump off the bus.. no more earthquakes please it is like technicals are saying "ok, what is it gonna be?" to the fundamental gods.. this is why I frequently defer to fundys we await the Talking Greenhead.. damaging data today from prices paid NAPM, with strong mfg activity, showing higher metals-oil-materials prices passing along Greenspinner has been speaking in more basic english tones in recent months, after many urgings from Congress (who pay his salary) the Fed has not been leading the bond market, but rather following it.. the shorter maturity credit market is doing ok.. intermediate ok too.. longbond is hanging in there.. bonds came off their low today with yield staying below 6.15%.. I do NOT think the Fed will raise rates.. they did not in August, and will not now the FedFunds future contract yday had it at 20% chance of a hike, a very handy meter if the Fed hikes now, then expect a rattling day or two, followed by a big rally as watchers conclude no more hikes in the next few months.. earnings will make us forget quickly the hike anyway the technical waiting pattern has a side benefit.. THE LONGER THE PATTERN, THE LARGER THE LEAP UPWARDS.. this is where I have had trouble myself.. in waiting patiently, sticking with my positions (stock and calls) let them dosey-do a few times.. after dancing arm in arm, eventually they will benefit from the building chemistry, from the natural forces, and proceed to make some explosions upstairs in the bedroom I will never apologize for buffoonery or freedom with metaphors / jim willie