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

To: lurqer who wrote (52487)	5/29/2000 11:55:00 AM
From: American Spirit	Read Replies (2) \| Respond to of 99985

CDMA in China. I know it's a little confusing over there now but I know Globalstar is predicting a lot of business in China (where landlines and cel phones are unreliable) and they use CDMA (partly owned by QCOM). QCOM has also publicly denied the stories that China won't use CDMA. I assume there are some heavy negotiations going on, along with some under-the-table deals. Having spent time in Hong Kong things are rarely the way they seem over there. As CDMA is the best it's likely they'll win out in the end. In the meantime QCOM can be a great trading stock buying when it drops and selling on the likely gap-backs. Few are likely to bet against QCOM for any sustained period. I bought at 71 and sold at 82 last week. Now it's even lower which attracts my attention. COMS is another one I like whenever it falls below 40. Wireless in general seems to be bouncing off bottoms now. We'll see what happens this week. I remember a few months back when a large brokerage house gave QCOM a pre-split target of $900. That was the sign of the top ironically. And sure enough it went down from there. On the flip side now that negativity is in the air and shorts are calling for $50 I think this signals a bottom. IMHO only.