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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 685.66

+0.2%

Dec 5 4:00 PM EST

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To: Johnny Canuck who wrote (27324)	7/14/2000 4:24:50 PM
From: Johnny Canuck	Read Replies (2) of 68652

This is the worst analyst coverage I have ever seen: QUALCOMM (QCOM) 63 1/2 +1 1/2: Banc of America securities commented on QCOM today after reducing number last week to reflect fall off in South Korea; thinks QCOM should be owned for December when (1) new Motorola models kick in, (2) CDMA partnership shipments to Korean customers begin with QCOM (3) their new fab starts running; maintains STRONG BUY rating and $130 price target because of long-term bullishness, but believes the Korean news is still not fully in the stock. ******************************** So 5 months from now QCOM should be $130 dollars, but today it is not even worth $63??????

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