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

To: marginmike who wrote (71172)	4/25/2000 12:03:00 AM
From: jmanvegas	Read Replies (1) \| Respond to of 152472

MM: The other generals have similar patterns but none took out and traded below their most recent lows of the current Naz downturn. QCOM did that today. Technically, that may not mean a thing. Time will tell. QCOM needs right now to make a stand in here and hold. For example, take a look at the charts of SDLI or PMCS. Although they are dropping significantly intraday, especially SDLI, SDLI today never came near its recent 117 low and closed over 160 today, some 43 points above that recent low. PMCS has a similar pattern. There are a number of others. So there are tech stocks that are much stronger technically than QCOM. But then again, none of these stocks had the fantastic move QCOM had in 1999. Therefore, QCOM is adjusting more on a relative basis than other tech stocks because of last year. jmanvegas