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Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?

To: Jill who wrote (1196)	6/2/2000 1:06:00 PM
From: Mark Z	Read Replies (1) \| Respond to of 10876

QCOM's fundamentals changed a bit. And if NOK's do, believe me, I'll be heading quickly for the exits!! That said, there is MA support in the 51-53 range and, if you want to chance it, real solid support at around 45. 'Chance it' = wait for a big tank. If you look at a chart, you can see its been in this 43-60 range for awhile. If I were trading it, I'd wait for sub-50 or two closes in a row above 60. I'm planning on adding a bit if we see 52 again and I'll double that addition if we see 45, unless, of course, something fundamentally changes my mind <g>. BTW, if anyone's interested in the brokerages (theory: summer rally = higher volume = more revenue), SCH broke out of a trading range today. It did leave a pretty noticable gap between this a.m. and the close yesterday. Edit: Its also been moving up all day after a slight retracement this a.m.