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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: StockHawk who wrote (7548)	10/5/1999 12:11:00 PM
From: LindyBill	Respond to of 54805

Just one reading of the tea leaves. You could be right, short-term, hawk. I have a proven track record of being clueless, short-term. But, 4 to 6 months out, I trust my judgement.

To: StockHawk who wrote (7548)	10/8/1999 12:54:00 PM
From: StockHawk	Read Replies (1) \| Respond to of 54805

For those with an interest in technical analysis (anyone?) a follow-up to my post on QCOM on 10/5, when QCOM was trading at around $192. For a short term technical perspective Q is at a interesting point now. If the stock can move up the next few days on good volume that would signal a breakout of the current range and a breakout to a new high. That would be a buy signal. The next day the stock did break out, moving up on good volume (6.6 mil shares). In following a classic TA pattern, the stock rose above its base, then declined (a "test" of the breakout) and then resumed an upward direction (the "follow through"). For those interested in attempting to get in at a "good time" a new high above a base is a much better purchase point than buying at a new high that occurs after an extended run. If QCOM stays true to the TA pattern for a strong stock we should see it increase in price for a while from here - until some piece of significant news on the company or the market alters the picture. StockHawk (Or as one TA guru once said: "this should work, unless it doesn't")