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Strategies & Market Trends : Steve's Channelling Thread

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To: thesilenttype who wrote (28008)	9/19/2001 1:13:22 PM
From: Pierre	Read Replies (3) of 30051

FWIW Beginning to leg into QCOM here (44.62) with very tight stop - (42.50) April low and a quarter cushion. Thanks for all the valuable comments regarding both QCOM and market in general. I like QCOM here for obvious technical reasons, plus wireless strength gives me additional resolve. Latest news on QCOM probably not as bad as reported. Otherwise, I'm all cash. Doing the "one very closely watched egg" approach for now. I wish I had a better feel for what a bottom looks like in the context of an overall bear trend. Not a u, and probably not a v either. Maybe a saw tooth? <vbg> Pierre

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