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


To: Ruffian who wrote (53970)12/14/1999 12:48:00 PM
From: Jim Willie CB  Read Replies (4) | Respond to of 152472
 
TA: bullish inverted triangle identified before Thanksgiving with target stated as 430-435

we hit the target... the triangle's thrust upon breakout has been realized

it was a 40 point upsurge... 3/8 retraced is 15 points
that would retrace to 420 from 435... we have seen it

we should rest for a day or two now after completing the called-for lift from the triangle

we next will build a little base in the 420's for the next move

any tangible news and we move again, hard and fast
TA rules
/ Jim



To: Ruffian who wrote (53970)12/14/1999 12:58:00 PM
From: Kayaker  Read Replies (3) | Respond to of 152472
 
Trying to Justify Qualcomm at These Levels
By Herb Greenberg
Senior Columnist
12/14/99 6:29 AM ET

So, Don Luskin, our guest on "TheStreet.com" on Fox News Channel over the weekend, looks like the ultimate genius after recommending Qualcomm (QCOM:Nasdaq - news), which at the time traded at 391 1/2 with a market value of $64.6 billion. It rose another 26 1/16 yesterday, but not because of his comments on the show. It rose because Qualcomm agreed to sell its mobile communications system to two of China's largest transportation companies.....

thestreet.com
(may require subscription)

-- Greenberg is not up to speed IMO -- Kayaker