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To: kokomama who wrote (1400)1/27/2000 3:12:00 AM
From: EepOpp  Read Replies (1) | Respond to of 35685
 
kokomama,

i don't know where QCOM's price will go but i do want to mention that you should be careful of considering that this is dead money. It is so if nothing significant should happen between now and the next earnings report. But what if there's a major announcement like AT&T capitulating to CDMA? or China agreeing to some major deal with QCOM?

I'm not saying any of these things will happen within the next 3 months but i did want to say that there is as much risk in staying in a stock that is "dead money" as there is in being out of it.

you can already see what magnitude it's move can be when something major happens.

good luck in whatever you do.

EepOpp



To: kokomama who wrote (1400)1/27/2000 10:51:00 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 35685
 
for IRA type accounts, selling some (like margin shares), might be wise to unload some shares if and when we see a short cover reflex rally... that is days away and I expect 140 to be a brick wall, with 30day Moving Avg at 145? there also to resist

for trading accounts, even though hedging opp was missed (me too) at 170, at 160, at 150... if might be wise to hedge some or all at 140-145 if we get there on reflex rally... I think we scrape back to 120's again soon

my main big concern now is seeing our Moving Averages cross downward, namely a MACD bearish crossover... that might happen on the next down move after the reflex rally... such a development might signal stronger selling down into the 120 support level

gonna be tough for the next couple weeks
attacks are expected
/ Jim Willie