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Strategies & Market Trends : The New Economy and its Winners
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To: Lizzie Tudor who wrote (20087)4/1/2004 12:53:16 PM
From: Logain Ablar  Read Replies (1) of 57684
 
qlgc is broken but the 33 area (from memory) is old support from back in 2000 (when it broke down on acquiring ancr but then came back to set new highs) and can be good for a bounce.

however from a fundamental perspective I believe hba selling prices are dropping faster this year than anticipated (have to wait for elx cc to confirm) leading to elx and qlgc TA weakness. I doubt if it can break $40 on a bounce.

and of course jnpr first needs to pull back to let me enter (fat chance) and then break resistance around 29, then well see $40.

check out mama as a momentum stock this year as all the search co's will benefit from the economy and google ipo.
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