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


To: MileHigh who wrote (46252)10/26/1999 11:43:00 PM
From: Spaw  Read Replies (2) | Respond to of 152472
 
Miler,
Chart is in shape.
This pullback is expected and orderly. 200 dollar stocks make big dollar moves which can be disconcerting.
A pullback to 200-202 is in the cards. Look for it to happen tomorrow.
I took profits from my long calls today and am waiting to reenter.
I still see major upside into earnings, with power added if a split is announced. Q must(!) penetrate the 225 area or that chart pattern will qualify as a double top. For the time being; however, the uptrend is orderly, and so is the pullback.

My $.02,
--spaw--