That level is the only strong support available after folks like those on the QCOM thread finally swear off stocks for the rest of their lives.
Well there is capitulation right there.
We are being drawn back to historical norms. It will take awhile, but it will happen.
Historical norm isn't naz 800.
Also QCOM will want to fill that gap around $11 it created in March 1999.
Are you brain dead about what caused the gap in in March of 99? What has changed since March of 1999? Uh let me see, no infra divison or phone division other companies took over that role- a little earnings bump, the GSM cabal lost patent disputes in Asia, North America, and Europe, uh CDMA works, China launching a network, India looking good, 3G systems running in Korea and about to be launched nationwide in U.S., qcom producing chips for the GSM world, on the verge of reducing BOMs for cdma phones by 20%, the list goes on.
If you are waiting for 11, I'll give you 50-1 on 20 bucks you never see it.
Its funny to see all these folks claiming wireless is dead and no growth will ever happen again. What a joke. Lower MOU prices will increase penetration, increased penetration leads to increased replacements. Life ain't over.
Caxton |
