Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jacob Snyder who wrote (75421)	7/6/2000 12:16:45 AM
From: Uncle Frank	Read Replies (3) \| Respond to of 152472

>> The close below 60, on low volume, indicates that the supply of buyers at 60 is exhausted. If the supply of sellers continues, the stock needs to make another step down (the 4th since the all-time high), to find more value buyers. Interesting speculation, JS, but perhaps we should look at qcom's decline today in context with other tech issues and indices: orcl -9.8% jdsu -7.2% sunw -4.4% csco -4.3% ibm -4.1% qqq -3.9% intc -3.8% ge -3.6% compx -3.2% qcom -3.0% msft -1.9% The whole nasdaq tanked today based on a few earnings warnings, but qcom didn't fare all that badly. I agree the volume dried up due to lack of sellers, but that could just as easily signal a strong bottom as the beginning of a new step down. uf .