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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: dangergirl who wrote (2384)9/19/2000 9:48:25 PM
From: Jim Willie CB  Read Replies (1) of 65232
 
a last train for QCOM might be in the 73-80 interval
after it is rebuffed at 80

if it is rebuffed at 80
I think lots of profitaking from uncertain Qholders in next few days
they have been conditioned to take it and run

sharp resistance at 80
after any rebuff there, it should be easy to get over that level
no long accumulation of burned buyers at 80 during June
just one reversal there
one that kicked my ass out of Florida

this QCOM stock makes me puke
maybe I should buy a block in 75-80
people should bear in mind that this stock has no resemblance to its former self in early summer
the majority of weak hands were washed out long ago
it remained dormant for over two months
if they werent angry enough to sell, they were bored enough to sell
either way, sellers are gone, long gone
entirely new class of owners
most of them probably did not ever own it above 100 price
/ Jim
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