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


To: Drake who wrote (45496)10/21/1999 7:47:00 AM
From: Voltaire  Read Replies (1) | Respond to of 152472
 
Morning Drake,

There is absolutely no meaning to anything that transpires on the up or downside in this market until about the third week of Nov. That is the reason I said yesterday, as good as the market looked, I would not be buying it on any type of rally. I will be buying on significant dips because they will simply be the manifestation of exacerbated bulls---! Today should be one of those days. I feel the Houses and MM's will try and take QCOM down about $6 and I will be buying calls. The stock market SHIP comes into dock four times a year and the next docking and departure will occur around Thanksgiving. The overall temperature today should see the Tech stocks get their butts kicked. I see the Naz down about 40 for the day and the dow down about 60. Again, like I said: NO MEANING!

Selah,

Voltaire