Steve's Channelling Thread Message Board

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Strategies & Market Trends : Steve's Channelling Thread

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To: Pierre who wrote (29413)	10/4/2001 12:17:22 AM
From: Zeev Hed	of 30051

I got back in within 5% of the year low (and at a nice discount to my last sale), furthermore, unlike 900 other NAZ stocks in the last two weeks, QCOM as not breached its yearly low, I see the weakness as rotation into some weaker stocks, from stronger stocks (just as we had some weakness in stalwarts like IMCL, TARO and IART today) which will be corrected once outsized gains in other stocks are redeployed. If it breaches the year low, then QCOM could easily go to my "cycle low" target of $35, right now, it is not very likely, IMTO. Zeev

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