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

To: MileHigh who wrote (65985)	2/3/2000 8:21:00 PM
From: Kayaker	Read Replies (3) \| Respond to of 152472

I guess I was wrong on the dead cat bounce on the NAZ, for now, QCOM will not tank but I still do not see it getting away from us here. I still expect volatility for now, but I will trade it. NAZ is close to it's closing high. Feb looks more down than up to me. Have done covered calls on both Q and J (July 250s on Q and Mar 300s on J). Am not usually a CC person, but just cannot see an UP month here. Last few days look like NAZ dead cat bounce to me.

To: MileHigh who wrote (65985)	2/3/2000 8:41:00 PM
From: jmanvegas	Read Replies (2) \| Respond to of 152472

MH: The Naz is up 10% this week from the sell-off - continuous 100 point up days are not normal but these are not normal times. Even if the Naz goes to a new high in this run, it will violently back down. This market is a 2-way trading affair right now and quite volatile. With all the good news out in QCOM this past week, it failed to close over 140 today. It is indicative of a tired stock which needs to rest. A year from now, QCOM will be make new highs. Currently, for the next few months, one will be able to buy all the QCOM they want in this trading range we see before us. I'm holding my QCOM, have not sold a share, and do not intend to do so, but I have no intention of adding to my position. The QCOM story really unfolds in 2001-2002, which I foresee as a boom to its stock price at that time. As an aside, I've been moving some serious money into S. America & Asian (especially Indian) ADRs - both areas are now just entering internet/broadband boom times. Clinton is going to visit India next month - first time in 22 years a US President has visited the sub-continent. Should bold well for growth stories over there. JMHO, which is all any one of us has. Good luck to you in your trading and investment endeavors. jmanvegas

To: MileHigh who wrote (65985)	2/4/2000 12:34:00 AM
From: waverider	Read Replies (2) \| Respond to of 152472

MH... I don't know, it just wore me out some years ago when I kept trying to figure out the ups and downs of stocks. I gave up. It is so much easier on the nerves to just get a shopping list, wait for an entry point, buy...and hang on (making sure to keep tabs on the story so it doesn't change on you of course). I used to think about dead money, trending, overbought, oversold, blah, blah, blah until I couldn't sleep. I decided it just wasn't worth it. Not to be a smug so and so, but I just shake my head when I keep reading about what people say when making predictions about the NASDAQ, QCOM, whatever. They just don't know. This China thing was a classic case. The problem with Q is that they have sooooooo many things going on in the labs that to make guesses about what the stock price will do is kinda silly. I guess this is what is behind my perspective when I make comments here. I honestly feel that making predictions about stock movements is counterproductive. I know that TA is helpful...I try to use it myself when figuring out when to buy things...but that is where I leave it. Once I have selected the tiger, I just hang on to it's tail for dear life. So many people get shaken out of good stocks because of all this support/resistance stuff. It bums me out. That was what was behind my long winded post to you a couple weeks ago about your trading. I guess it comes off more condescending than sincere. Being sincere is what I am. EMC, CSCO, JDSU, QCOM, HD, SUNW...such major players, so easy to own, so relaxing. Good Luck. Rick