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

To: waverider who wrote (64788)	1/27/2000 5:32:00 PM
From: Ed Forrest	Read Replies (1) \| Respond to of 152472

<<Hey, I'm a great mind here >> Rick I know you forgot to put the smiley :) after that statement.You did forget,yes? Cheers Ed

To: waverider who wrote (64788)	1/27/2000 5:39:00 PM
From: darkhorse30	Read Replies (2) \| Respond to of 152472

you guys are sounding pretty pathetic, QCOM is a very strong company with its brightest days clearly ahead of it. consider the future of wireless communication, and the role that QCOM will play in the world of the future, the fact that next quarter may not reflect the reality of what is to come is to be quite shortsighted in my opinion. my opinion is that this presents a terrific opportunity to get in, if you aren't, or add if you can....QCOM had a terrific run, and i am sure that many of you were beneficiaries of the easy money, so stop feeling sorry for yourselves, step back, and take a big breath...and look forward to the future...it is going to be very good take care

To: waverider who wrote (64788)	1/27/2000 7:04:00 PM
From: jmanvegas	Read Replies (3) \| Respond to of 152472

DH: Since I brought up dead money a couple of times, let me clarify my position. 1)Since I believe we are in a trading range from the lows (wherever they go) to the 140-150 area, I consider this trading range to be dead money for the next several months at least. Traders will make money. LTB&H investors will see their portfolios go up and down within that range, but they won't make any additional gains beyond that trading range. 2)The 100M shares traded these last 2 days were institutional in nature. Institutions are leaving QCOM after last year's strong gains. We need to understand one important thing about day trading or swing trading. Institutions are doing that more than ever. We aren't getting 1.6B share days in Naz from little guys trading their few hundred shares here and there. The houses on the Street are flipping shares as fast as hamburgers are flipped at a Burger King. 3)We have tremendous overhead resistance going all the way to the 200 high or, as others would prefer, the 179 closing high. That is real stiff, my friend. It will take some serious major news on several fronts to overcome that. This will take quite awhile. My guess is 6-9 months. I hope sooner, BWDIK. 4)We've got a real ugly chart - just look at it. When was the last time you've seen a gap down on QCOM's chart like that. We will fill that gap, but we hit overhead resistance in the 140 area - a trader's delight. 5)We broke the 120 support area today like I suspected we would. Oh, we'll rally some, but those who didn't or couldn't get out, will sell into any rallies - "dead money." 6)There is a tremendous love-in with QCOM on this thread and for all the money QCOM has made 1999 holders, who can blame them. That leads one to not looking through the rear-view mirror. Personally, I don't love QCOM. I love the fact I made a ton of money from it last year and I love its long-term story and potential dominance in wireless. Being a LTB&H investor in QCOM shares, I have no intention of selling since I believe in what they're doing. But being a realist, I know I have to wait this out and I'm looking forward to 2001-2002 time frame. That's when I believe real wealth will again accrue to its shareholders. 7)We've got an active Fed - they're going to raise rates. Now there's talk about reviewing margin requirements and that was also brought up in the Senate confirmation hearings yesterday. That would suck some serious air out of this market if the Fed moves on this. Goodbye momo guys. 8)We've got a tax season to get over. Just imagine a correcting market (sounds like perfect timing to me) to force people to sell in order to pay their tax bills. 9)We've got QCOM giving out slowing signals and a disappointing earnings report. Now let me clarify this since the thread is going to be all over me on this one. I thought the report was wonderful and so did most of the threadsters. The Street did not. It's what the Street thinks, not us - therefore, the couple of downgrades that occurred. We're just fleas on an elephant's back. Let's assume for a moment that QCOM disappoints the Street again in the next report. Not disappoint us - the Street. Now, I'm not assuming that at all. But let's just say this happens. The QCOM gorilla won't be taken out to the shed like this time and get a good whipping. It will be taken out to the shed and get skinned alive. I, for one, don't want to see QCOM pissing off the Street ANALysts for next quarter's report. 10)Bottom line - Since I don't trade QCOM and plan on holding my shares for many years, I'll just sit back and watch and observe. But in my most humble opinion, and that's all it is, QCOM is now a trading stock within a trading range over the next several months which I refer to as "dead money." And if I'm wrong about that, that's okay with me also since I'm holding my shares for the next 5-10 years. 11)Lastly, everyone has a different trading style and investment philosophy. Some have put all their eggs in the QCOM basket. Many of us here have a substantial amount of their portfolio tied up in QCOM, me included. No one is correct in their method. Whatever makes one money, I say, go for it. I wish everyone good luck in their investment endeavors. jmanvegas