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

To: Didi who wrote (63223)	1/20/2000 4:10:00 PM
From: Jenne	Respond to of 152472

Cramer Passes on Kana By James J. Cramer 1/20/00 1:06 PM ET Click here for the latest filings from James J. Cramer. Sometimes we pass on trades because they're too hard. Take Kana (KANA:Nasdaq - news), a company I like very much, because its automated email response system is superb. Kana reports tonight. We think Kana is going to report a great number. But the stock is up 31 in advance of that report. Up here I don't know whether to be long or short Kana, so I do nothing. Cramer's Latest: Join the discussion on TSC message boards -------------------------------------------------------------------------------- KANA Long? Great quarters tend to pop stocks. Short? Don't you think a secondary is likely after a run-up like this? Insider selling of some sort? I can never figure out why people wouldn't take profits ahead of a quarter when you have a run like this. But maybe it's the Qualcomm (QCOM:Nasdaq - news) issue, meaning that it's the belief that if you have a stock that could go up 1000% in a year, what's a measly 30 points? That's why Matt "Spot-Me-50-Points" Jacobs covers Kana for us.