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

To: jmac who wrote (65729)	2/1/2000 3:00:00 PM
From: Steeny	Respond to of 152472

Got to disagree. I was positioned long for the Earnings. But in retrospect, this was a dumb short term play. Everyone and their sister was long for the #. Short interest had plummeted. I and many others got caught up in the hype. Buy the rumor and sell the fact was the correct play. I think even if Q had reported .30, there would have been a selloff. NOBODY left to buy. Now as the #s have been digested, the buyers who dumped on the way down are clamoring to get back in. Hopefully, the Fed will raise .25 bps tomorrow and we're off to the races AGAIN.

To: jmac who wrote (65729)	2/1/2000 5:36:00 PM
From: DWB	Read Replies (2) \| Respond to of 152472

Which leads me to something I've been thinking about since I learned of the China news. Say you are Dr. Jacobs. The Company stock is getting a bit extended, and you are about to announce earnings. You KNOW the China contract is just about to become a done deal, and you KNOW what effect that will have on the stock. Is it best for you to: A) Announce the earnings, don't say anything bad, and let the stock price get severely overextended once the China news hits the press, with a much higher chance at a future crash. B) Announce the earnings, downplay the proforma numbers of $0.27, slip in a "slowdown" reference so all the nattering naybobs of negativism will let some of the air out of the stock, and then announce the China deal, getting you back to even. Let's all use our heads for a second. Does anyone think Dr. J didn't know the China deal was about to become news? Then in my mind, it's entirely logical that they planted the "slowdown" to keep the stock from getting too speculative. DWB Q2.5K/Y2K+5