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

To: CAtechTrader who wrote (77963)	7/27/2000 11:29:29 AM
From: larry	Read Replies (1) \| Respond to of 152472

I think that the NOK bad news can really help QCOM in the near and long term. To roll out 3G and/or look at other possible growth area are really only ways for them to sustain growth in the future. I believe that sooner or later they have to strike a deal with QCOM. I added QCOM this morning because: 1) I believe that we are in an uptrend (even if Nasdaq is in downtrend), and we have formed a classic reverse H&G pattern in the chart; 2) Too much positive out of the spin off; 3)When weak earnings results could not push the issue lower, what can? All the bad news are priced in and I love the facts that analysts lower their number while maintaining their rating. This gives QCOM room to provide upside surprise next year, if not next Q. The number for next Q has come down to 25 cents from 32. Bullish; 4) We filled the gap at 63 5/8 this morning on very low volume, then followed by a sharp reversal upside. We are seeing higher low to say the least, and I am confident that we will see mid to high 70s in August. That's why I took full advantage of the early weakness and bought shares, sold Aug. 65 puts, and bought Aug. 70 calls at 2 1/2. This is a steal. This is the first time that I am very confident about QCOM's price movement in a long time after i sold off my shares back in Jan. good luck to all QCOM longs, larry!