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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: jjstingray who wrote (31454)2/20/2002 4:44:43 PM
From: Caxton Rhodes  Read Replies (1) of 99280
 
I'm just calling it as I see it, qcom definitely looks "bottommy" here, even though we set a lower intrady low. I will continue to watch it like a hawk. I am way long and like to discuss it with those of opposing opinions. If it breaks 32.5 which is the giant bottom downtrend line, the 20s should be easy. I have no clue where it would bottom from there, but the stock would be very cheap.

As a fundamental note, remember that even though new wireless subs are slowing, qcom is targeting the other 80% of the wireless market, and the GSM/TDMA guys don't have a chance in hell of going after the 20% cdma market.

Caxton
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