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

To: waverider who wrote (93065)	1/31/2001 8:22:54 PM
From: limtex	Read Replies (2) \| Respond to of 152472

DH - Q has had its quarterly run up and now its due for a pull back for the next three months or so with occasional ups. Bottom my guess is about $69 and a rough trading range of say $72 to $77. What do I base this on... nothing except I just reackon thats the way the market works now. A lot of people and probably funds got out at $86 when it stalled and won't come back till next earnings season. The risk is too great to own stocks overnight these days. The safest thing to do is to reduce the time that you own stocks and thats what I think has been going on now ampng the professionals since the first shock last March. You might miss out on a big upswing but that hasn't been the case for nearly a year now. During that time being out after earnings seems to pay off so my guess is as of tomorrow down it goes. JMHO Best regards, L

To: waverider who wrote (93065)	1/31/2001 9:27:09 PM
From: David E. Taylor	Read Replies (2) \| Respond to of 152472

Rick: I agree with you that misleading press obviously isn't going to have any effect on how this entire 3G development plays out, nor how much of the pie QCOM winds up sharing, so for those with a longer term perspective it's irrelevant. But such press can and does have an effect on the short term price movement, since the average investor hasn't a clue what the difference is between CDMA, GSM or whatever, and is likely to take negative press reports at face value, particularly after last year. Since I trade short term options (albeit in a small way compared to the stock position I have), it would be stupid to ignore anything that might cause a short term sell off, and for a stock as volatile as QCOM, short term movements can kill an options position rather quickly. David T.