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

To: Webster who wrote (17747)	11/4/1998 2:57:00 PM
From: DaveMG	Respond to of 152472

Web, Personally I'd rather have the selling out of the way sooner rather than later. It's been a problem with Q stock that the prices gyrate so wildly, expectations skyrocket and then crash back to earth. In this regard perhaps Dr J et al know exactly what they're doing. They often do. I'll go out on a limb and say that we've just seen the low, around 54. Support is somewher between 52 and 54. If we break down here in any meaningful way it's back to the upper 40's where the stock starts to be seriously cheap. I don't think we have much to worry about, although I'll admit to being glued to my quote machine...DMG Edit..forget that the stock bounced hard off 50 the other day on the Lehman move so I suppose that's really where support is.