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

To: Tom Kearney who wrote (64897)	1/28/2000 11:59:00 AM
From: Jill	Read Replies (2) \| Respond to of 152472

I'm just holding. I sold covered calls yesterday for $4 and bought them back just now for $1. I have to admit I thought it would base in the 120s. I'm surprised it's going this low. I wonder what support is here. 100 or 110?

To: Tom Kearney who wrote (64897)	1/28/2000 12:01:00 PM
From: KY	Read Replies (3) \| Respond to of 152472

The chart and the ugly feeling I have reminds me more and more of my AOL experience after it topped out...absolute euphoria to panic. Lot's of folks first trying to catch the falling knife and then feeling that "they have no idea where the bottom is." While the fundamentals are strong, I have a bad feeling that so much serious technical damage has been done that it is going to be some time before we fully recover and reach new highs. We need to establish a bottom...and test it...probably a couple of times before the Q can muster enough strength to break through resistance above. It's painfull right now. Very tempted to keep adding...but something tells me we are going to have plenty of time to do so. KY

To: Tom Kearney who wrote (64897)	1/28/2000 12:10:00 PM
From: Richard Tuck	Respond to of 152472

I don't think this is really the place to be buying. Take a look at the chart for the past year. Everything since November is an aberration caused by panic buying. As a long-time stock holder (since Dec. 96), I had mixed feelings about the last two months of 1999. On one hand, it pumped up my portfolio statement, but at the same time, I knew it was too good to last. I felt compelled to lighten up to keep some of those windfall profits. Getting back to my original point, if the November-December buying panic hadn't happened, QCOM would be around 90-100 today. Considering FY2000 EPS of $1.25, FY2001 of $1.75, this price is fundamentally solid also (yes, you could make a case for a p/e of 100 and a stock price of 125, but only as a best case). My feeling is that 90 would be a good buying point if it gets down that low.

To: Tom Kearney who wrote (64897)	1/28/2000 12:11:00 PM
From: MileHigh	Read Replies (1) \| Respond to of 152472

I get a kick out of this "tax talk". These are the same comments made at 190, 180, 170, 160, 150, etc...LOL!! But I do agree about buying when everyone is getting sick. I just think the real correction in the market has not occurred yet, thus no one I know is getting sick in the can. Happy Hunting! MileHigh