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

To: djia101362 who wrote (66123)	2/6/2000 9:04:00 PM
From: Eski	Read Replies (2) \| Respond to of 152472

Keep in mind the ONLY reason QCOM may it back to the 140 range was because of the CHINA deal, if not it would be still in the low 120's IMO.

To: djia101362 who wrote (66123)	2/6/2000 11:22:00 PM
From: jmanvegas	Read Replies (1) \| Respond to of 152472

dija101362: I would strongly suggest you go back and re-read that post. I called QCOM a trading stock over the next few months which I considered dead money and stated that a trading range will be in existence for the next several months of wherever the lows would wind up to the resistance levels of 140 and possibly 160. QCOM did get pounded very short-term down to the 105 level. Sure, it's made a comeback but I'm not impressed. Well - we've hit those resistance levels and traders are making the bucks. If QCOM can break the 160 level and sustain that with further gains from there whereby the 160 level now becomes support, then I'm wrong. Until that happens, I'll stick with my prior trading range forecast. I've always been a LTB&H investor in QCOM, something that seems to ALWAYS be misread by fellow threadsters. It's amazing to me how this is misinterpreted about my long-term viewpoint regarding QCOM but such is life on these threads. If you believe that the Naz can continue to forge ahead at 10% clips on a weekly basis, hey that's your opinion. I think if that happens we are setting ourselves up to an even greater correction, something that will bring investors to their knees. Is the long-term bull market in jeopardy - I don't think so. But a 1000 point correction in the Naz, if it happens, will be brutal. And for those that think stock prices can go skyward week in and week out have a rude awakening coming to them. When that will happen - I don't know but it will happen sometime this year and it won't feel good at all. And the Mighty Q will get caught like all the rest of the tech stocks. That being said, I'm holding my QCOM shares through thick and thin - I hope you can comprehend that. Because the QCOM story really starts to unfold in 2001-2002. Good luck. jmanvegas