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

To: marginmike who wrote (30664)	5/24/1999 7:47:00 PM
From: limtex	Read Replies (3) \| Respond to of 152472

mm, GQ and thread - Well looks like it was fun while it lasted but now its over and notjust for the Q. NAZ - 1.55% - 2% average drop per day for the next three weeks till mid June/last week in June. This is about 7.5% to 10% drop per week and there are three weeks to go so between 25% - 30% drop from now. Worse still the drops from now on are likely to get vicious as the market reacts to reduce the number of people who would actually walk away with cash profit. Big movers like the Q are going to get hit hardest and so looks like we're on our merry way back to our natural home in the $20's ( used to be $40's). Sadly its clear that there is absoutely no support at all for the stock at current levels. Did you see the CFO on CNBC tonight. He is a nice reserved Englishman probably form the North of England. The CNBC lady interviewer was pretty tough. Hw was good but I don't know how that came over generally and in any event even if he said they were going to do $5 in quaterly earnings I don't think it would do much to supprt the stock in this climate. Best regards, L