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


To: Jacob Snyder who wrote (106151)10/5/2001 12:50:32 PM
From: Pierre  Read Replies (1) | Respond to of 152472
 
Boplicity:

Agreed, on the downward channel.

Me too.

Could you explain why you draw that horizontal line at 24? Why is that a critical support line?

I second that question. Not arguing, just curious. The chart pattern at 35 looks similar (to my eyes) to the one you point to at 25 - with maybe a little more volume. Also, 35 has been a figure tossed around for several months now as a "worst case" so I'm assuming it has some technical support.

Appreciate your technical analysis.

Pierre



To: Jacob Snyder who wrote (106151)10/5/2001 1:29:05 PM
From: Boplicity  Respond to of 152472
 
I ans. someone else concerning the 24 line. To but it bluntly, and it should be obvious to anyone that has followed QCOM for long time too, the stock has had many many fits and starts for months on end, lots of confusion surrounding QCOM still. The charts just looks awful and reflects that confusion. So, I feel a Final Flush will be needed to remove the confusion and have all the news priced in, so we can get back to reality of what the 3G build out really means to QCOM. In other words, QCOM the stock needs facts now, not faith. We had the faith rally, we need the facts now.

B