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Strategies & Market Trends : The Options Box

QQQ 621.87

-1.2%

Jan 30 4:00 PM EST

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To: RocketMan who wrote (1314)	6/4/2000 11:43:00 PM
From: American Spirit	Read Replies (2) of 10876

On QCOM, I think you're dreaming. The "news" in China is old and inconclusive. And QCOM has had many bullish opinions lately. Remember 60 IS the low so far and all last week it never dropped below 64. Why should tomorrow be any worse? That story came out last week too. Alonmg with a contradictory story. They don't lose in China anyway. They still get royalties nomatter what. I think you'd be lucky to get QCOM at 65. And tomorrow morning is too late to short. Should have thought of that Friday (if you had a crystal ball). I've seen it so many times, short or long people trying to get with the herd. All that does is make the snap-back fast and sudden. Also read the lead story in Barrons on wireless (the round table I mean). Very very bullish on wireless. A lot of buyers will be in that sector tomorrow and QCOM is the leader. I personally will buy all I can get at $64 1/2. I think that's the bottom. Still I could be wrong. Good luck with it. I'll be ready to bargain hunt and expect QCOm back over 100 pretty soon.

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