TA on QCOM: just a brief note on explosive signals
first, I think Abby Joseph Cohen is a sex machine
I absolutely salivate as I admire her brimming sexuality
I fall backwards on my barstool, as my pants expanded and toppled me backwards out of balance... now as I write I lie prostate on the floor
extremely bullish signals on QCOM
I bought back my April covered calls today on the MOT news
(losses amount to half a new BMW, will write May's later)
Motorola news is huge, putting pressure on NOKia
MOT now has no legal dispute with theQ on past issues
MOT has clear pricing on future licensed mfr'ed output
QCOM is now pushing the upper Bollinger Band
(a running widened range marking a few standard deviations up and down)
daily stochastics are looking positive despite closing off the highs on friday and monday
today we held most of the high on a punkyass NazComp downday
money flow has increased in the last week markedly
volume has increased to about 20 million shares per day, strong
I want Martha McCallum, all of her
willing to offer her 20 shares for one night of rapturous throes
all moving averages were aligned nicely going into the weekend
now the MA's are widening and showing the strength
but the biggest positive is the relative strength
QCOM has seriously outpaced NazComp on friday, monday, tuesday
the former range that held true from late January to early March was 125-145
this range has been violated on the upside
the fences are being overrun
all that remains is the stampeders gathering fenceposts and burning them afterhours
usually the width of the former range is the LOW figure for additions to price levels
that points to 165 quickly
talked to my best QCOM sources of info
they indicate a steady stream of positive news stories
expect the stories to accelerate as we approach earnings
expect to hear something about NOKia at earnings, or just prior
if not a formal contract, then favorable indications of progress on deliberations toward a contract
specifics from a NOK deal would be as powerful to the QCOM share price as the ambiguity of an imminent deal
HOLD ONTO YOUR JOCKSTRAPS AND G-STRINGS
QUALCOMM is bustin' out
upon any pullback, consider buying back any inmoney written calls
why continue running with a ball & chain attached to your leg
cast overboard your shipping vessel unwanted and unneeded ballast
there is a time to protect with CC's, and a time to let your stallion run !!!
I intend to write QCOM calls in a few weeks
maybe in late April when Q=173, write May 175 Qcalls
/ Jim Willie |
