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

To: Sawtooth who wrote (96690)	4/3/2001 4:34:45 PM
From: waverider	Read Replies (1) \| Respond to of 152472

QCOM broke through it's previous low today. Worse, it ended within a hair of the low for the day. I see no reason now why it will not test the next support at 39.50. If that does not hold, then next stop would be 35.50. I suspect that will not hold. My new target for QCOM is $25. We have an unfilled gap between 24.75 to 25.25 created on 6/3/99. The downtrend appears to be saying it will be filled. Please make decisions based on your OWN risk levels. <H>