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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Zeev Hed who wrote (51162)4/14/2002 10:24:10 PM
From: jjstingray  Read Replies (1) of 99280
 
I don't know Zeev. I highly doubt Qlgc gets another shot at $60.00. On the last big run it only got to $57.10 and that was a much better market than this one. With IBM warning I think it is very likely that Qlgc could have a very somber earnings report. Maybe they beat the street and raise guidance. If that is the case, I will give you your shot at $60.00 but other than that I highly doubt it.

On the other hand if they miss, this thing will drop into the $30's before you know it. I know you see a rally to 1930 and potentially higher, I will wait and watch. I think we don't make it over 1800 and see 1650 in the next week to week and a half.
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