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

To: waverider who wrote (92742)	1/26/2001 5:01:17 PM
From: Uncle Frank	Read Replies (2) \| Respond to of 152472

>> When you start counting your money and feeling good about your stocks and posters here start talking about never being able to buy QCOM in the 70's again...it is time to get worried. That's why I sold some Februay 90 covered calls this afternoon. I was feeling goood <gg>. uf

To: waverider who wrote (92742)	1/26/2001 8:18:49 PM
From: marginmike	Read Replies (1) \| Respond to of 152472

Your learning, its about time. Qcom is sitting in a nice position, but Until news on CHINA or excelerating earnings occur Qcom will remain in a trading range. At 90 I will exit the train again.

To: waverider who wrote (92742)	1/26/2001 10:20:46 PM
From: The Reaper	Respond to of 152472

<When you start counting your money and feeling good about your stocks and posters here start talking about never being able to buy QCOM in the 70's again...it is time to get worried.> Agreed, Rick. There have been numerous strong moves up in the last few months with the Q! In each case so far we've had a retracement which IMO is really what we want to see. I think this rally we're experiencing in the tech stocks is based on the Fed pumping the M3 money supply even more than it did for Y2K. They are injecting liquidity into the system at an annual rate of ~20% and have been since a week before Christmas. AG may not need to cut rates at their next meeting. He knows that the liquidity is there rate cut or no rate cut. In order to prevent the famous "irrationally exuberant" market, they may hold off on rate cuts of any magnitude until after they turn off the M3 spigot. My guess is that a 50bp cut is not in the cards, and I hazard an opinion that there may not be a rate cut at all on Jan 31. The market will not like that at all and we might get our beloved Q! back to 70 very quickly. Damn! kkirby@itsalwayssomething.noflames