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


To: Ruffian who wrote (70421)4/11/2000 9:03:00 PM
From: foundation  Read Replies (2) | Respond to of 152472
 
QCOM's prime asset as a stock at present is a chart in good technical condition. MOT's chart was broken before bad news - and Monday post-market it appeared OK prior to Tues conf call...

Agree earnings will have to be stellar for any tech stock to advance at present. But at least QCOM is well off of its highs, and chart has formed substantial support at current levels. Stellar news and it will ramp I believe...

Failure of China's MFN trade status is a substantial concern for me at this time, and could well test our support levels. Any negative news is pounced upon presently, and good news is rarely good enough... Watching closely.

Regards....