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

To: waverider who wrote (106646)10/10/2001 3:39:32 PM
From: marginmike  Read Replies (1) | Respond to of 152472
 
I dont look that far ahead, if we see 25 wont be for a whille, and as long as 41-42 holds here id trade on the longside. VIX, RYDEX, COT, Put call all point towerds rally for a bit, could even see naz 2k dow 9800. I would then be very short again for at best a test of all market lows next spring.



To: waverider who wrote (106646)10/10/2001 3:48:12 PM
From: slacker711  Read Replies (1) | Respond to of 152472
 
Put any stock in Greg's thesis that we need to wash out everyone with a plunge to $25? That would certainly do it.

I think that if Qualcomm fell to $25, you would have people calling the bottom. Thus you would then have people saying that the bottom couldnt possibly be in because capitulation hadnt occurred. It is a nearly endless argument. There are always people calling the bottom (like MM during October of '98).

Slacker


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