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

To: Poet who wrote (71715)	5/10/2000 4:55:00 PM
From: waverider	Read Replies (1) \| Respond to of 152472

A friend of mine just sent me a note that he sold everything this morning. The old bottom retest is doing its evil magic... Here is the note I sent to him. Hang in there folks. ---------------- I don't know about the bear market thing. Maybe. All I do know is that if you look back at the Aug/Oct 1998 time frame it took us a month to retest the lows, then rebounded to where we were last month. We are retesting our lows from about a month ago now. We have about 50 points more to go on the NAZ on a retest. I'm placing my bets that 3300 will hold which is why I added to SNDK today...it was just too cheap to pass up. Sold my GBLX to do so reluctantly, but SNDK was a better bargain with a more certain, visible furture. Q is beyond cheap. I wouldn't be surprised if we retest $94 there tomorrow or later and might even see the high $80's...that would be ok with me because regarless of current market sentiment, this economy is in great shape and bear markets don't happen during such times. Agreed, however, these times are testing. Applied Materials came out with good numbers after the close and a rosy outlook on the semiconductor industry. Short term the market may do what it wants, but the numbers will eventually win out. Hang in there.