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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: jjstingray who wrote (377)10/12/2001 9:31:54 PM
From: Zeev Hed   of 99280
 
I think that the immediate earnings are of little importance, money is looking for situation that have long term prospects, CDMA has long term prospects and the validity of the patents has been tested in court successfully, so I think that "eventually" money will return to QCOM. If we get another strong down turn (more severe than the current late November/early December scenario calls for) in the market, then $35 could be breached as well, right now, it is very likely that the low at around $38 "was it", and over the next few weeks, I think that $55 is more likely for QCOM than $35.

Zeev
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