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


To: YlangYlangBreeze who wrote (49101)11/11/1999 10:30:00 AM
From: Wyätt Gwyön  Respond to of 152472
 
how low constitutes backfilling?
think of qcom as a stock right now trading at 32 1/2. would it seem that difficult for a stock trading at 32 1/2 to fall below 30 for awhile? especially since it was under 19 just a few weeks ago? maybe it will hit 40 before 30, but, in assessing your margin risk, you have to ask what are the odds you are comfortable with.



To: YlangYlangBreeze who wrote (49101)11/11/1999 10:42:00 AM
From: Jim Willie CB  Read Replies (2) | Respond to of 152472
 
backfilling like yday at 313 and 318 was healthy
we may not get that low, but who knows?

volume is strong today
TBonds are tame as hell, downright friendly
as long as volume is strong and interest is tame, theQ will continue to advance IMO

sold block of Q at 227
bought some Jan330 calls
can you say "5-bagger" ?

/ Jim



To: YlangYlangBreeze who wrote (49101)11/11/1999 11:44:00 AM
From: slacker711  Read Replies (2) | Respond to of 152472
 

quebrada...I am going to preface this by saying I don't know the situation you are in nor do I know your risk tolerance.

That being said, I still think you should reevaluate the level of margin which you are willing to use with Qualcomm. I can think of about 4 times in the last 6 months in which the Q has fallen 20-30%. This would put us between 240-270. There have been a number of great stories in the last couple of months in which people have been able to reach their dreams due to their investment in Qualcomm. I really hope never to read this board and hear people talking about margin calls....

I know that the various technical prognisticators have forecast that Q will be at 400…..and I agree I just don't know if it will be at 250 before it hits 400. Good luck...

Slacker