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

To: Jeffrey Chan who wrote (7996)	2/5/1998 8:12:00 PM
From: blue_lotus	Respond to of 152472

Hi Jeffrey, >I see this stock trim half of it's value within the 2 months time frame. With all due respect, have you been following this stock for the past couple of years? I have to agree that tomorrow it will probably open a lot lower... But going down to $25 in the next two months, is not possible. Looking at the technicals, I see a lot of support at $51, $45, $43 and $39. I can see it breaking the $51 resistance, given that it is not that strong, but breaking below $40 would be very very difficult. If my memory serves me right this stock was once trading around the $50 mark with just 2c a quarter earnings.... And now even with the lowered earnings I don't see it going to $25..... -Raj P.S. Disclaimer: As you all already know I am a QCOM bull. And though tomorrow isn't going to be the best day for a QCOM bull, I still see good days a head....May be further ahead than I did just this morning...:-(