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Technology Stocks : Satellite Stocks - USSB, CQ, SPOT, QCOM, etc.
QCOM 151.59-0.4%Jan 30 9:30 AM EST

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To: Tarken Winn who wrote (12)3/20/1996 8:43:00 PM
From: Philip H. Lee   of 222
 
Maurice, I bought some QCOM today. The technicals on QCOM are very good.
It's sitting on a massive support at 35-36. This price level has been successfully tested the last 4 times. Also, the 14-day Wilder RSI had a breakout. Over the last 2 years of QCOM's price history, an RSI breakout almost always precedes a big move.

I had bought QCOM a few months ago (around 44) and sold out at a small loss. My strategy is to invest in cutting-edge sectors, such satellites. Other cutting-edge sectors, in my opinion, include:

-Asymmetric Digital Subscriber Line (ADSL)
-Asychronous Transfer Mode (ATM)
-year2000 software/consulting.

Hope we all make money!
Regards, Philip
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