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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (9929)	11/8/1999 2:06:00 AM
From: Mike Buckley	Read Replies (1) \| Respond to of 54805

Lindy, Other than general price movement due to market conditions, what is going to cause Q to go down in price? If you accept my belief that the results of momentum players are not in the category of general price movement caused by market conditions, I would add the momo folks to that list. The first thing that could happen is that they could exit. The second thing is that they could establish short positions. Both will be relatively short-lived (no pun intended) but both can cause the price to drop. Notice that the short interest is relatively low compared to the previous five months: viwes.com --Mike Buckley

To: LindyBill who wrote (9929)	11/8/1999 9:46:00 AM
From: StockHawk	Read Replies (1) \| Respond to of 54805

Bill, Just to clarify. I'm not saying QCOM must fall here - all I am saying is that stocks that rise very quickly often settle back before resuming their assent. That is normal and we should be aware of it and not worry if it happens. Of course, it may not happen at all, but I think it helps to know that some people who watch price patterns see this as a possibility - the example I sited was a quote from Investors Business Daily, a newspaper with a flair for technical analysis of stock patterns. In all likelihood if QCOM does decline on "profit taking" it will quickly rebound as people who missed its rise rush to get in. StockHawk

To: LindyBill who wrote (9929)	11/8/1999 11:16:00 AM
From: RRRoarr	Read Replies (1) \| Respond to of 54805

Another thing to watch out for would be semi wafer capacity. The semi industry has a history of severe over/under capacity in its down/up cycles. We're probably a third to a half way into the current up cycle. With accelerating demands for new products like DVDs, digital cameras, better wireless phones, etc, fabless companies will be affected. Already, fabless SNDK is building expensive fabs to address capacity problems. So this could happen to Q's chip production biz too, at some point in the near future. Q-911