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


To: Ibexx who wrote (66655)2/13/2000 10:54:00 PM
From: Dwight E. Karlsen  Read Replies (1) | Respond to of 152472
 
So that is something good about the chart, agreed. I still believe that the upside is firmly limited by the overhead supply, at least for the next couple of months. Qcom management have mentioned that normal seasonal factors will have somewhat of a dampening effect on sales. So that, coupled with the overhead supply, is the reason qcom hasn't shot right back up, and IMO is the reason it will not do so in the next couple of months. However, there is nothing wrong with hanging long the stock, until the chart mess can be repaired. And if one wants to believe that Qcom is going to surge right back to $200, then that is ok with me. *smile*



To: Ibexx who wrote (66655)2/14/2000 8:54:00 AM
From: HairBall  Read Replies (1) | Respond to of 152472
 
Ibexx: The pros use 200 ema as trend reversal indicator. Big $$$ rarely short the intermittent corrections in a sustained bull market - contrary to the SI bit players - they usually establish a "killer" short position when the 200 ema turns firmly downward

Ok, I'll bite...what is your source for such profound insight?

Regards,
LG