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Non-Tech : The Critical Investing Workshop

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To: candide- who wrote (16629)4/27/2000 4:56:00 PM
From: Jim Willie CB  Read Replies (2) of 35685
 
on QCOM and ELON tight ranges...

just personal speculation and drivelous parry
QCOM and ELON share something in common
their common shares seem expensive relative to earnings growth
they each seem to be expected to have a strong heyday
but that heyday might be a few months from now
they might both be in a holding pattern

heard MerrillLynch is seller of QCOM last few days
they want that hot pieceofshit AWE stock out of the gate
they must prefer festering feces to ripening gold
my guess is 105 is a ceiling with sitting sell orders

both stocks have descending Moving Averages looming overhead
these MA's will dampen any and all rallies for a while
both stocks benefitted in last several months with incredible stream of huge news
they now seem to be needing immediate good news for a push

horevewer, both Q and E finished on highs today with good volume

just some scribbles
/ Jim
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