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


To: Boplicity who wrote (44428)10/12/1999 10:53:00 PM
From: Jim Willie CB  Read Replies (3) | Respond to of 152472
 
Frenchie, cycles are shorter
bottom at 190 is possible, but I doubt it

JohnG raises this Friday's spectre of options expiration, which bothers me too... I dont share the paranoia though, since bighouses made sure we broke out... I suspect they sold ample Oct220's and Oct215's

I think we are in the midst of the pre-earnings announcmt minor correction... a major correction would reduce us by TWO support levels (QCOM - 198)

my gut says with such an explosive upside move to 224, WE ARE DUE FOR A RETEST SOON

as JGoren reminds me, imminent expected news of handset sale will keep buyers jumping up to bid on Q... just yesterday somebody bitched at me that I was premature in selling a batch of options with the handset news so close

were we supposed to close this week at 240?

retest of highs coming, as in very soon
I leave the timing up to Man of Voltage
/ Jim