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

To: Boplicity who wrote (67795)	2/23/2000 10:31:00 PM
From: Ruffian	Read Replies (2) \| Respond to of 152472

<Patten said the November agreement between the United States and China had already dealt with some 80 percent of Europe's concerns, but that Europe viewed as very important the other 20 percent, including issues like tariffs and telecommunications.> Wednesday February 23, 10:16 pm Eastern Time China, EU go into fourth day of WTO talks BEIJING, Feb 24 (Reuters) - Chinese and European Union trade negotiatiors began a fourth day of talks on Thursday after a senior EU official indicated the two sides were still far from a deal on Beijing's bid to enter the World Trade Organisation. The EU delegation, led by European Commission trade official Hans-Friedrich Beseler, has been meeting a Chinese team headed by Vice Foreign Trade Minister Long Yongtu since Monday in an effort to conclude China's 14-year quest to join the WTO. While the EU team in Beijing remained silent about the talks, EU foreign affairs chief Chris Patten told reporters in Portugal on Wednesday the two sides were unlikely to reach agreement soon about Beijing's WTO entry. ''There are tough issues that have to be agreed. As far as we are concerned, speed isn't the problem; it's substance,'' Patten said. Patten said Pascal Lamy, the EU commissioner for foreign trade, would travel to join the talks in China if progress was made. ''But frankly we will all want to be convinced that it's worth the fare, and that I think will depend on the Chinese recognising the legitimacy of some of our anxieties,'' he said. Patten said the November agreement between the United States and China had already dealt with some 80 percent of Europe's concerns, but that Europe viewed as very important the other 20 percent, including issues like tariffs and telecommunications. A Chinese Ministry of Foreign Trade official who took part in the talks on Wednesday, the third day of talks, said progress was ''just so-so,'' but declined to elaborate. Related News Categories: politics, US Market New

To: Boplicity who wrote (67795)	2/23/2000 10:31:00 PM
From: Ibexx	Respond to of 152472

Qualcomm (QCOM) Testing Many Areas Of Support 2/23/2000 3:00:00 PM This piece will stick to many of the technical factors related Qualcomm (QCOM - 146-7/8) shares. Right now, the equity is testing many areas of support including moving averages, key levels, and relative strength. First, the focus is on the daily chart of the stock. Since its January peak exactly at the 200 level, the equity has been in a downtrending channel (see the chart below). The price action over the past two trading days shows that this channel has been broken to the upside, and yesterday?s pullback was a test of the top of the channel for support. In the past, we?ve noted similar cases as bullish. Looking at the monthly chart below, the five-month moving average has been support for QCOM since February of last year. The recent pullback also brought the stock down to this trendline, where it has since held. Lastly, the monthly relative-strength measure of QCOM versus the Nasdaq Composite (COMP - 4535.6) has pulled back to support at the site of its five-month moving average (see the chart below). Now to the options side of this equation. The strike in the March series with the highest level of open interest is the March 120 put at 8,187 open contracts. Looking at the first chart above, you can see that this is the level where the stock stabilized before rally to its current levels. This accumulation of put open interest at the 120 level provided support for the equity, as the majority of QCOM options traders thought that the security would break at this point. Once again, though, the majority was wrong. Sorry you can't see the charts Ibexx