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To: Jim Willie CB who wrote (13457)4/14/2000 5:19:00 PM
From: J.B.C.  Read Replies (3) | Respond to of 35685
 
Point & Figure update on QCOM: for those thinking that this is a good place to reenter QCOM if you're currently out, I strongly recommend against that. Using P&F a major support line at 120 was broken today and a minor support line @ 104. there's not much support technically until the bottom of the trading range @ 85. The bullish support line which will offer the last line of bullish support is at $70. I personally don't believe that we'll hit 70, but I do believe the 80's will be upon us in the next several weeks. There's plenty of time to get back in the market if QCOM surprises us w/ a nokia deal or something, but preservation of capital should be priority # 1. Don't shoot me, I'm just telling you what the chart is telling me.

Jim



To: Jim Willie CB who wrote (13457)4/14/2000 6:21:00 PM
From: Len  Respond to of 35685
 
I was just sitting with my wife explaining what has been going on for the past few weeks and that we had a lot less than we had a few weeks ago. She reminded me that we are still way ahead of where we were and besides she has been saying all along that this was all play money.

God, I need some of that attitude.

Len


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