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Strategies & Market Trends : NetCurrents NTCS

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To: Teresa Lo who wrote (548)	10/12/2000 12:53:38 PM
From: TraderAlan	Read Replies (2) of 8925

T, The markets are amazing. Nothing like a little war panic to mess with the already bizarre sentiment. Here a good example of TA in action. QCOM sells off on garbage. The commentators try to calm the audience by saying its nonsense. But QCOM just keeps selling off anyway. What changed from 85 to 65? Guess we'll find out someday ;-) Briefing.com last night: "Qualcomm was hit late yesterday, with some sources citing news of QCOM-killer technology from Australia. The news was from an Australian subsidiary of an Irvine-based bulletin board company, and boasted of "revolutionary wireless technology." Even if the claims are true, which is far from clear given the source, the news would actually be good for QCOM. The company claims that the technology is a base station which can process multiple wireless protocols such as CDMA and GSM. There is no protocol here that will challenge Qualcomm's CDMA; there is only equipment which will make it easier for GSM providers to also offer CDMA. If true, this would be good for QCOM. It would only be bad for base station vendors like Motorola (MOT), Ericsson (ERICY), and Nokia (NOK)." Alan

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