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


To: jmac who wrote (65563)1/31/2000 9:20:00 PM
From: MileHigh  Respond to of 152472
 
Surfer,

QCOM was not all news driven, the NAZ might be dead cat bounce~ WCOM +10%, NOVL, +10%, GBLX +9%, own them all.

What the bounce tells me (re NAZ and Q) is how timid the shorts are. They are not confident in their positions. They know this is still a bull market and will be looking to cover their short positions in a skinny, instead of being more confident and shorting more on moves up....

We'll see!

MileHigh



To: jmac who wrote (65563)1/31/2000 10:13:00 PM
From: Ed Forrest  Read Replies (2) | Respond to of 152472
 
<<IMO, today's rally was news related and the good press it got. I do'nt think we had a dead cat bounce here. Tomorrow should also be positive given the late breaking news of tonight. 140 represents stiff resistance.>>

jmac
"Dead cat",I also do not think so.140 could be tested tomorrow as Q is trading close to 130 on Island.Coupled with the NextWave news and the nice turnaround of the Naz this PM then 140 indeed may be in for the test.

newgritch.isld.com

Cheers
Ed