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


To: jjstingray who wrote (116934)4/20/2002 5:27:38 PM
From: Robin Plunder  Read Replies (1) | Respond to of 152472
 
JJ, I agree that the naz will probably drop. The earnings and guidance last week were not impressive, and the market seems to have no strength in its moves higher. We got distribution this week after the rally day. The dollar is weakening and gold is rising, the vix is low, the lelecoms continue to warn on revenues and reduce capex, the charts for the techs all look weak, GE completed a broadening top formation, IBM tanked.....so, how could one expect this market to rise?

Robin (My Dad thinks I am so bearish just because I sold my qcom and hope to buy it lower.....maybe he is right (g)....but anyhow I am staying short on the techs.....I hope he does not regret holding his GE)