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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (52104)	5/25/2000 4:12:00 PM
From: kami	Read Replies (1) \| Respond to of 99985

LG.. QCOM. I am bullish and trying to find the bottom and go long. I like QCOM business model. There are rumors that LU products failed some tests.

To: HairBall who wrote (52104)	5/25/2000 4:15:00 PM
From: pater tenebrarum	Respond to of 99985

LG, absolutely...what's remarkable is that all the stocks that were supposed to profit from the China trade agreement news sold off today after the initial perfunctory pop. selling off on good news...that's bad. QCOM is in the process of retracing the entire parabolic blow-off from late last year, proving once again that such extreme moves eventually get wiped out completely. i had briefly considered buying calls on the stock to hedge my short positions...luckily i decided to wait and see first. i'm sorry for the less sophisticated investors that bought into the stock on the back of the infamous $1,000 target issued by a WS "analyst" late last year.that was yet another display of the casino mentality that has taken root in the market. regards, hb