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


To: jmac who wrote (65688)2/1/2000 1:27:00 PM
From: Quincy  Respond to of 152472
 
Without both splits, 10 is the equivalent of 80 points.

Pales in comparison to what we lost over the last month. But, it is a step in the right direction.

Why would Nokia and Ericsson give up the momentum caused by a split by both announcing 4:1 splits?



To: jmac who wrote (65688)2/1/2000 1:35:00 PM
From: C E D  Respond to of 152472
 
So. why no movement?

Yes,

My take on that is; its the market. CYMI had a great CC and report and the response has been muted, same with other stocks I follow. After the fed reports I expect the bargain hunters to come out from under the sheets. Heck, I wanted to buy more Q at 105 and just couldn't pull the trigger, worried about the effect of the upcoming fed meeting.

Regards,

CED



To: jmac who wrote (65688)2/1/2000 1:46:00 PM
From: Gut Trader  Respond to of 152472
 
OT/ China news like chinese food , an hour later and your hungry for more..



To: jmac who wrote (65688)2/1/2000 2:03:00 PM
From: Jim Willie CB  Read Replies (3) | Respond to of 152472
 
JMac, check the chart

we are filling the 130-140 gap
the 18day Moving Avg and 30day MA are both at 137-140

also 140 was a strong strong former support line
way too many buyers at that level are now selling
they have a chance to break even and feel emotional relief
they had been down 20% last week and felt pain most likely

make sense?
it will take some time to work thru, if possible
I would hope the identity of the big European contract will be revealed
also, a Fed rate hike relief rally might be sizeable
both events should help to push us thru 140
we will see
/ Jim