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To: Jim Willie CB who wrote (20343)5/26/2000 10:58:00 AM
From: LBstocks  Respond to of 35685
 
JW - Easy on the "amateur's guess". <g>



To: Jim Willie CB who wrote (20343)5/26/2000 11:08:00 AM
From: RocketMan  Read Replies (2) | Respond to of 35685
 
JW, sorry to see that I may be right on my 50's qcom prediction, that is where the strong support is. But it's hard to use technical indicators when a stock has broken down technically. Nobody knows what qcom or this market will do. We can just read the tape and take appropriate action. That 6.02% per annum has looked great over the last few months. One thing we all need to remember is that if we are long term investors, it's ok to sit out a month, a quarter, or even a year or more in uncertain or down markets. One does not have to be invested every minute of every day.

Good luck!



To: Jim Willie CB who wrote (20343)5/26/2000 11:12:00 AM
From: Jacktoad  Read Replies (2) | Respond to of 35685
 
re: I wont figth the Fed and its myopic geriatric envious incompetence any longer

lol...... i love it!

why don't we just declare war on some unsuspecting third world nation and get this party going again??



To: Jim Willie CB who wrote (20343)5/26/2000 11:58:00 AM
From: hroark2000  Read Replies (1) | Respond to of 35685
 
JW: I did pretty much the same thing. Sold 2/3 of my QCOM and 1/2 of my JDSU. Tired of worrying about margin calls and can't fight the Fed. I am looking to pick up some at the money leaps for 2002 if and when Q sees the low 50s. I hated to sell, but I feel that if I can grab some 2002 leaps at for a good price at 50 or 55 for QCOM and 70 to 75 for JDSU, I would be happier down the road than I would had I held the stock. Does this make any sense.



To: Jim Willie CB who wrote (20343)5/26/2000 12:30:00 PM
From: Sully-  Read Replies (1) | Respond to of 35685
 
Hi Jim,

FWIW, I capitulated yesterday when QCOM broke below $75. It was not a case of panic selling, rather I chose to quit wishing & hoping for QCOM to come back. I figured if your extreme bands were failing to the down side, we were going further south. It seems for now the QCOM FUD in full court press & with the market questioning valuations, downside potential for high valuation tech stocks will not leave this market until there is serious capitulation.

I feel we will fill the NAZ gap around 2850.... likely overshoot it... QCOM will fill the upper $50's gap.... likely overshoot too.... I think the market wants blood in the streets..... capitulation on high volume & lot's of fear.... real fear.... this is from a true non-techie, non-TA jackass wannabe, so take it FWIW.

JW, I'd appreciate it if you could post an occasional TA on QQQ - QCOM - ELON - NTAP &/or other porch favorites if you wouldn't mind. Heck, even if your TA shows ugly, give it to us straight bud. TIA

Tim



To: Jim Willie CB who wrote (20343)5/26/2000 2:27:00 PM
From: Boplicity  Read Replies (1) | Respond to of 35685
 
right on jimmy, I would add to your valuation level, the economy slowing. Valuation or slowing economy, whatever happens first will start the new bull.

Greg



To: Jim Willie CB who wrote (20343)5/26/2000 2:44:00 PM
From: Wyätt Gwyön  Read Replies (1) | Respond to of 35685
 
I sold out of QCOM at avg. of 126. Started nibbling today here under 65. Will get more serious under 57. Will get real aggressive below 50.