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


To: David E. Taylor who wrote (113753)2/20/2002 12:00:17 PM
From: Stephen M. DeMoss  Read Replies (4) | Respond to of 152472
 
So the charts direction is more pertinent than the fundamentals? I guess the past few days of trading prove that out. Should we all sell in the money calls on our position before it goes to 32? Sell out right? Or believe the fundementals somehow will change the downtrend?
This is very frustrating to see the stock continue to get pummeled. All the news has been what we expected, analysts have defended the stock (after the accounting matter), and yet it goes down, down, down. This is very disheartening. With 2.4b in cash and no debt, how can it be decimated like this? Thoughts? Anyone??? Steve D.



To: David E. Taylor who wrote (113753)2/20/2002 12:51:33 PM
From: Caxton Rhodes  Respond to of 152472
 
A non rally from that point would be bad. If we break it, then i assume we go to new lows, how low i can't figure. But the stock seems to be getting cheap. A bounce at current levels is very important.

The thing is the naz has plenty of room to go lower before it hits lower trendline around 1700. Qcom is at its lower trendline.

Caxton