Stock Attack II - A Complete Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Stock Attack II - A Complete Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Caxton Rhodes who wrote (37089)	6/17/2002 10:36:11 AM
From: StockOperator	Read Replies (2) of 52237

CR, I'm sorry to say that I cannot give you anything fundamental in nature, such as how well (or not) CDMA is doing or how handsets are selling. What I can say is that the technical pressures, which to me LEAD the fundamentals, are saying that the stock will continue to be under huge selling pressure. I have been mentioning this stock for months along with the likes of AOL and VRSN. VRSN of course was way ahead of the pack with its breakdown two months ago, but yet all in the context of the same time frame (qtrly). That is why I mentioned that I believe stocks shouldn't give us that "headfake" rally prior to the next quarter simply because stocks like QCOM can finish this quarter, by resolving its multi-week consolidation pattern by breaking to its previous trend - which is DOWN. Even if QCOM can manage to hang at this level, any close below 31.03 (end of month) would be my first clue that the the big break will come next qtr. A close above that and then,,,,,,let's just say that it always pays to be flexible. Time will tell. Profitable trading SO

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next