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

To: Andrew N. Cothran who wrote (118280)	5/8/2002 10:16:46 PM
From: chojiro	Respond to of 152472

Thanks Andy. It definitely wasn't an easy win, and as I've mentioned to you previously in PMs, I did lose a little sleep over it on at least one occasion. Now what do you predict? After today's rebound, I just don't know. I'm planning on sitting tight for a little while. Granted the comp was in some oversold territory and the bounce was not unexpected. However, if people are attributing this market action today on CSCO earnings, I would have to say(in the broader markets) we are still heading lower, much lower. Cisco earnings were a joke; this just shows how desperate people are to believe the recovery is underway. I'd also go a bit further to submit even if we are in the beginnings of a sustainable economic recovery, there will be plenty of time(and likely better price opportunities) to get long. I don't think there was much institutional buying today so I'll be waiting for some back filling before I take on any L/T long positions. Best regards to you buddy.