QCOM has hit the upper channel of it's down trend today after recovering from it's over sold condition back in the low 60's. I see QCOM stalling right around the price it is at now. QCOM will need more then better market conditions to move it considerably higher at this point, so news on the order of NOK buying chips will be needed.
Greg
p.s. sold BRCM, VRSN, GMST today, RBAK, NTAP, ELON last week, added to JDSU today. made gooed money on each of those stocks, loss on the Super Conductor stocks which I sold two of the three I bought, SCON and CDTS. see profile for stocks I own. Of the three infra plays, SCMR, RBAk and JNPR, JNPR is the only one I hold now. The rumor that SDLI is being bought about by GLW is just that a rumor, one should never buy because of a rumor just look Micro S. to see what happens when a rumor is dispelled, but the GLW preannouncement fits well with SDLI's own preannouncement. Because off the above, the rumor will add to SDLI's support, but will not do damage if proven wrong.
g |
