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Strategies & Market Trends : Steve's Channelling Thread

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To: Rich1 who wrote (12545)	3/13/2001 11:26:45 AM
From: Zeev Hed	Read Replies (2) of 30051

QCOM breach a very strong support at $50, I now fear it could go to the mid $30' in three months. For a short term play, one could see going to the $55/$57 area once this rally gather momentum. That may take a little time. I may play it for that bounce, but not right now. Cash is too low and there are other situations (like RMBS) where I would like to double up if given the opportunity. Zeev In edit, I took AETH off the table at $19-3/8, too much pain and 10% loss. Also took a minimal profit out of VECO, out at $39 for a buck gain. The Dow may drag the Naz with it for a little longer.

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