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


To: Uncle Frank who wrote (72900)5/31/2000 12:21:00 PM
From: foundation  Read Replies (3) | Respond to of 152472
 
Suspect end of month QCOM "window dressing" selling today by funds....

Noteworthy that market couldn't ramp this morning on better than expected economic numbers.... Suspect valuations will keep market rangebound till Fed is through, or tech stalwarts (csco, sunw, orcl, etc) truly correct... THEY HAVEN'T YET, AND BEAR WILL NOT END TILL THEY DO.

Think QCOM is buyable on present pressure based on unwarranted, distorted obsession with China. I bought today. Will wait to see if 60 returns to buy again.... QCOM reached its prospective NAZ 2800 low (55-60) on recent action. Little downside left....

regards to all,
blgg