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

To: T L Comiskey who wrote (51079)	11/19/1999 2:13:00 PM
From: Cosmo Daisey	Respond to of 152472

Right line report:: Qualcomm (QCOM) - I guess it is OK for QCOM to take a break every now and then, but it sure feels good when the current "King of Stocks" is marching ahead! Thursday shares rose higher as buyers moved in, concerned that the latest pullback might reverse and head back into orbit. Prices fell early in the day, reaching a low of 330 before turning back up towards the day's high of 363, a 33-point swing. Shares then settled back a bit to close at 355.44, a 12.56 increase on the day. Since prices reached a high of 406.13 before beginning the recent pullback, I'm sure that trailing stops triggered profits for many short-term traders following recent entries at 279.75, 308.50 and 354.88. Look to re-enter should QCOM move to 365 and as usual, check the 2% rule before deciding how many shares to order. QCOM's 22 DMA is near 294 and its 50 DMA is near 246. Shareholders will vote on QCOM's announced split sometime near December 20th. Optionable.