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

To: Jon Koplik who wrote (13344)	8/5/1998 12:21:00 AM
From: SKIP PAUL	Read Replies (2) \| Respond to of 152472

QCOM wins $45 million contract for WLL in India. economictimes.com

To: Jon Koplik who wrote (13344)	8/5/1998 3:35:00 AM
From: waverider	Read Replies (1) \| Respond to of 152472

An alternative technical view would be: QCOM tested the $57 mark in May, June, and July (earnings jumped from there) so it appears as if this is a good support level. The gap you mentioned was filled today, but appeared to test $57 again, only to pop back up. So unless the market melts down again (futures currently coming back up) this morning, we should rally a bit short term here and provide a trading opportunity. I sure as hell hope so anyway since I bought some 2001 leaps at the close today. Check out the chart: 207.95.154.130 <H>