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Pastimes : ASK Vendit Off Topic Questions

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To: YlangYlangBreeze who wrote (12575)	5/21/2000 9:28:00 AM
From: Vendit™	Read Replies (2) of 19374

YYB I have had several people ask me this weekend via PMs what my opinion was of QCOM. I have decided to post it publicly for anyone else who wishes to know my thoughts so this is a copy of my response to all who have asked me since Friday.>>> ************ This is how I see it, Q is headed toward its 6 month lower support line which is located at about $87 to $88. I fully expect a short term reversal to happen once this level is reached and a new short term up trend established. All indicators show that Q is over-sold. askresearch.com If you draw a mental line or hold the edge of a piece of paper under the last few lows which are located in the weeks of January and the last week of April you will see how I have arrived at my price target. I think you will see Q move to this lower line sometime in the early morning hours on Monday with a finish at even to up nicely. If for any reason this line is breached and Q closes below that level (Low probability IMHO) then Q will be in a technical free fall. All IMO.

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