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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?


To: techguerrilla who wrote (5015)2/25/2000 1:28:00 AM
From: alias  Read Replies (1) | Respond to of 35685
 
Well, I'm no expert but after escaping from a Southern trailer park I spent most of my formative years in the Orient. I discovered two truths. We don't understand the Oriental cultural mind-set/ways and they don't understand the Western cultural mind-set and ways. I tend to think that for whatever motives the Chinese may have had in pursuing this ploy they didn't expect or anticipate the particular response/reactions generated. The U.S. reaction, both politically and market wise, did not further their cause and was a strategic mistake. Suspect they'll back up and try another tact to achieve whatever their specific/narrow goal is in this instance.



To: techguerrilla who wrote (5015)2/25/2000 1:58:00 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 35685
 
a pure TA view on our QCOM, ignoring all news stories

extremely solid technicals shaping up
volume has picked up nicely in the last week
a MACD crossover is in progress, not quite yet
but most important is...
... money flow is growing on a daily basis
we got big money gradually coming in stronger and stronger
this shit is all about money coming in

the one indicator I missed prior to January decline after earnings was money flow dropped off
that taught me to be more vigilant with Q's money flow

now a technician interpretation of China
it "allowed" a profitaking session after a run from 120 to 147
today's action was nothing more than a tap on the brakes while beginning to fly downhill

QCOM fell back more this Tuesday with a wider range, compared to today
today we finished 10 pts off the low
today was a Japanese Harami (pregnant) pattern -- bullish pause pattern
today we never even pulled back to the 18day Moving Avg
today we never got as low as yesterday's open price
today we closed higher than the open

it was a MM's dream fakeout
started with an opening plunge to grab all the numbnut sell stops
completed with theft of lunchbuckets during the noon hour
the stoplossers didnt learn the lesson at open, so they got their shares swiped at lunch also

I bought more July QCOM calls
in a matter of a day or two, the tech train picks up the QCOM car

I dont see a stall here
one day does not a stall make
look at the chart -- gathering strength
Houses will help put the spin back on the China angle

might sell all non-QCOM shares tomorrow and buy JDSU
all this Uniphase Time Compression, imminent split, lack of political involvement, and heated fiberoptic buildout has me convinced
I liked JDSU at 195-205 which I regarded as consolidation
tomorrow might see some typical Friday droopy stuff
could offer an opportunity, might not
what a relentless stock, hasnt pulled back in many weeks

/ Jim Willie