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

To: freeus who wrote (51316)	11/21/1999 5:32:00 PM
From: Ruffian	Read Replies (1) \| Respond to of 152472

Let's look at Qualcomm, Inc. (NASDAQ: QCOM) This has been a high flying stock and an example of how staying with a trend can reward the disciplined trader handsomely. Using our traditional moving average crossover method discussed in this column often, the goal is to be on the correct side of major trends. This method does create many whipsaws and a number of small losers when a stock is in a sideways range. However, once the trend starts, this method keeps a trader from exiting early and gives discipline to get back in when indicated. It is a method that is always has a trader in the market long or short. After rising from the previous buy signal, on November 2 in the early afternoon, QCOM signal a Sell signal. An hour later, QCOM reversed and issued a Buy signal. A disciplined trader getting back in at the close would have been rewarded for his following a plan. QCOM rose from 224 to an exit at 360 at noon on November 16. That is a 136 point rise! Now not all trades work out this well, but many do. A new Buy signal on November 18 at 3:00 once again reversed a minor now move has a disciplined trader back in long. This example shows the profit potential of a trend. I would be an owner of QCOM here a wait for a new exit signal. I would have a stop at 345.