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To: aek2000 who wrote (12499)	4/12/2000 7:37:00 PM
From: Ruffian	Read Replies (1) \| Respond to of 35685

<Ruffian, do you own qualcomm? how far down do you think it will go? TIA, aek> Its not, it is going up:) Ruff

To: aek2000 who wrote (12499)	4/12/2000 7:59:00 PM
From: pinhi	Respond to of 35685

AEK2000, your assumptions make sense. Typically, strong corrections will give back maybe 50% of the previous up move. Assuming a NAZ breakout in early Oct. at about 2800, we have given more than half of that back. On a more fundamental note, Al Goldman at A.G. Edwards still looking for 5500 to 6000 on Naz by year end. By the way, all this talk of Naz going to 2400 etc., remember in the fall '98 correction, at the bottom they were talking Naz 1400. Pinhi P.S. Merrill reiterated 260 12 month target price for TERN for what it's worth