Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: marginmike who wrote (61567)	1/11/2000 8:23:00 PM
From: dlottsr	Read Replies (1) \| Respond to of 152472

Mike and Voltaire - it is interesting how market negative this thread is getting. You might notice the same negativity on many other threads. I can't help but wonder with all the negativity if a contrarian indication could be at hand. Mind you, I am in your camp as well and am taking precautions to protect most of my gains. Just a thought that there is so much negativity; QCOM has so much to still show the world; and Mr. G still has not spoken yet(remember this is election year and the Democrats want to maintain control). Given this I might suggest a softness in the market over the next few weeks and a blowout after Mr. G doesn't throw a monkey wrench in the works. Just another scenario to consider dave

To: marginmike who wrote (61567)	1/11/2000 8:59:00 PM
From: ddron	Read Replies (1) \| Respond to of 152472

Mike, Clearly QCOM is consolidating. It looks like that QCOM is currently retesting it's 20 EMA right now. Today's low was halted at precisely the bottom of the tall white candle made on 12/29(a lot of buyers there;good volume).It appears to have found support much like it did on Friday's tall white candle. On 1/7 the close actually penetrated the 20 EMA but found a lack of sellers. However, the hanging man candlestick drawn yesterday and the penetrating black candle made today should give some bulls concern that a retest of the top on 1/3 might come later than sooner. The one bright spot for bulls appears to be the lack of volume on the selloffs. The selloff since 1/3 has been on diminishing volume. Look for a retest of the top - we're consolidating folks. This horse is just taking a breather!(Below 100? That would be a long ride in the pasture for a company with a true franchise!) Cheers, ddron