jill...qcom volatile?
not really, except for the presplit run up and selloff....it moved with minimum volatility from august to december, and has been basing for the last month...prior to the china event, it looked like qcom could run to the 180 range, upward momentum appears to be intact, i sold july 140's near the open, at 25.125....could have got better, as poet did, but believe it is a safe position. if fundamentals remain intact, difficult to conceive it trading below 100 as steve believes...the upward momentum is the highest it has been since early december.......
as far as concern over a prc (red china not p.c.)attack on taiwan, highly improbable, as the post mao leadership is looking for economic dominance of the region. use of military will cut the lifeline of investment into the prc creating internal problems. saber rattling just that. taiwan probably has more capable air power then the prc, and a strong resolve to remain free. remember when red china (was p.c. at that time) would shell formosa on a daily basis ...? |
