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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?


To: Ron McKinnon who wrote (65266)1/30/2000 10:37:00 AM
From: Sawtooth  Read Replies (1) | Respond to of 152472
 
<<for all of you in this one I hope none of my orders ever fill and every quess above turns out to be 110% wrong>>

Nonetheless, an interesting analysis, Ron.

And then, in any of these types of situations, there are also those who bought (relatively) high and are thinking, "if it ever gets back to $XXX, I'll take my money and scramble without looking back". Seems to me, there must be a lot of passengers in that boat. Can't really blame em'; it's not a pleasant feeling and most of us have been there at some time or another. Sort of an initiation by fire, to some. Not always an easy call. Net preservation of capital vital, of course.

Here's to a better week next week for everyone. (Not too early on a Sunday morning for a toast, is it? <ggg>)

........VVVVVVVVVVV



To: Ron McKinnon who wrote (65266)1/30/2000 11:02:00 AM
From: Poet  Read Replies (1) | Respond to of 152472
 
Thank you so much, Ron, for your QCOM price targets. You're among the best traders I've ever known and I've printed out your post to use as a guideline in the coming weeks.

Thanks again.



To: Ron McKinnon who wrote (65266)1/30/2000 11:27:00 AM
From: Jim Willie CB  Read Replies (3) | Respond to of 152472
 
will you be a buyer if/when QCOM drops to $40 again?
do you think it will return to its normal range?

seriously, 100 has tremendous potential for support
it has double zeros and the inherent psychology
it was a multi-turn resistance level around Thanksgiving
anybody who missed the run over 400 presplit has a second chance now at 400 again

support levels have been knocked aside lately
but 100 has too much potential to be knocked down also
it would take a stock market calamity
200 is not a mark to measure off, rather 180 (closing high)
3/8 retracement off 180 sets the mark at 112 (got it now)

the VIX option volatility index is now registering a high 29
strong contra-indicator for relief rally imminently

we got 20-pt wide range levels now to deal with:
100 to 120 --- bottom scraping
120 to 140 --- relief rally range (not sabotaged by institutions)
140 to 160 --- later this winter, or early spring (needs mucho news)
180 to 200 --- when HDR is within touch,taste,smell,view

/ Jim Willie