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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: Ibexx who wrote (2746)	9/5/2000 9:59:12 AM
From: JohnG	Read Replies (1) \| Respond to of 197240

Ibexx. Ref droves of Q buyers. Those were the few that read the news on Korea and China in chat rooms over the week end. It will thae a couple of days for this news to sink in to the rest of the financial community. Then we see a little more strength in price volume action -- but not too much because many MOMO's got scorched between Oct 1999 and May 2000. But, their greed will bring them back if news stays positive. JohnG

To: Ibexx who wrote (2746)	9/5/2000 5:41:59 PM
From: Jacob Snyder	Read Replies (3) \| Respond to of 197240

Today wasn't very interesting: low volume, and the stock can't close above 60. This is a recording....... When the stock first hit 60, and I started buying, I thought we'd see a sharp decline, with little time at the bottom, and a sharp rebound as soon as the market decided the endless downward waterfall was over. But it looks like we're going to have to form an extended base, and QCOM isn't going to take off until all the weak hands are out, and we see some improving numbers. That is, this is a "show me" stock, as far as the street is concerned. Nobody is willing to buy this stock on faith anymore. Good news is getting ignored. People are a lot less sanguine about the whole telecom space. Everything from Nokia to WorldCom to Qualcomm is selling off. So, my feeling is, we may have to wait a while before sentiment improves. In the meantime, the momo "investors" who bought in the last 12 months are going to continue to get discouraged, and sell, putting steady downward pressure on the stock. Can you list what news you think could change sentiment on QCOM? Be realistic, no wishful thinking.