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

To: xcr600 who wrote (25426)	3/2/2000 1:25:00 PM
From: shasta23	Read Replies (1) \| Respond to of 69082

Well, i don't know much about the technical background but THEAN from the INVEST/LTD thread which seems to have a grasp on the FA side thinks that the stock is sold off without clear reason=fear based because of some contracts between RFMD and QCOM(if i remember correctly).And since CNXT was one of the main suppliers of QCOM the fear is that RFMD will take business away from CNXT. But THEAN says that this part of CNXT's business is only 25% of total business and therefore even in worst case the sell-off goes to far. But rallies and sell-off are going too far these days and i don't know if the minor support in the low 80 will hold. I will buy if goes in the mid 70s for sure! STefan