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

To: Vendit™ who wrote (45983)	10/24/1999 9:07:00 PM
From: jewishcarpenter	Read Replies (2) \| Respond to of 152472

Vendit, of course I believe in resistance and support level theory.. I do not wish to engage in predictions that are right or wrong at this time QCOM has just finished a huge run since Labor Day when we fretted about the absurdity of declining handset margins and component shortages on Monday I think it will challenge the 225 mark again, but with less volume and gusto since the general market will not be fully behind it.. also, Cisco rumors may become more flushed out.. also, rate fears are gonna surface with GDP reported on Thursday I think we will see no higher than 224 but at least 222 on Monday...... how is that for making a stand? .. on Friday I stated that 215 and 212 were important levels.. we saw both, one with a bounce off 212, the other with a settlement at 215.. the shorterm Moving Averages will support this final retest of 225 highs, which have held twice now with earnings to be announced in seven trading days, we got a shot at new highs.. I think we will see over 225 by Wednesday.. but I also think we roll back quickly.. if we get much higher like low 230's, I think we roll back more quickly a tidbit on cash buildup.. between July and August cash in money market funds built up with fresh input from $20b to $28b while at the same time stock mutual funds saw fresh infusion from $12b down to $9b the best answer is "I dont know" about next week.. but I suspect we will get to 222-224 again and not want to stay that high.. it will again offer investors a chance to get some off margin, and exit options with such a huge run since Labor Day, I suspect much of the news coming Nov2 is factored in already.. we know of an eventual handset division buyer.. we know of a Feb2k split.. we probably will see $1/share in eps.. it will take something really significant (with prior leaks) to propel us much higher now.. I believe in stock fatigue just the opinion of a poor carpenter / Carpenter