Silicon Investor (SI) -- The First Internet Community

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 : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: drsvelte who wrote (24936)	1/28/2000 1:42:00 PM
From: Johnny Canuck	Respond to of 68173

Doc, >>QCOM First entry point is 104. Downside risk to 80. The wildcard is China, NOK, and ERICY. If they announce a contract with any of these, especially China, QCOM will reverse up sharply. 100 should provide psychological support for the first bounce, then consolidation. Weighing on the stock is the flat EPS estimate for next Q. That is not that bad considering that the Christmas Q is when a large portion of the handsets are sold. Otherwise there won't be much upside news till they announce the 1X parts later this year and the HDR row out. Acceleration of Globalstar phones would be a plus here too.