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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?


To: waverider who wrote (73580)6/8/2000 7:36:00 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 152472
 
comment on QCOM: volume continues to impress (almost 22 million today)
we were rebuffed by the shorterm 18day MovAvg today at 80
then we quickly retreated to old ceiling of 75-76
we broke the bullish triangle I loosely identified earlier this week
(flat top of 76, bottoms marked by 60 then 66)

next comes an assault of 90 like a hot knife thru mouseturds
the only interference between 76 and 95 is a hitch in the gittalong at 88-90
coincidentally, that is where the 30day MA rests now

been pondering the pattern lately
May's decline was so slow, painful, ugly, and unrelenting
then we just sat in the 60's wounded, psychologically damaged

I see the makings of a "symmetric reversal" here now, sports fans
next we see the upside "units of 10" games as 90 will resist
who the SamHill would be selling on the path up to 90 ???

call me a loyal fool, a longterm investor, but I have been adding shares ever since stability shown at 67

money flow surprisingly is NOT improving much
but relative strenk IS improving, esp like today
I take solace in seeing psychology return to QCOM slowly here

enough, time for dinner after a beachy run
the heat and humidity are here in Florida
saw my first torrential rainstorm yesterday, brief but furious

/ Jim



To: waverider who wrote (73580)6/9/2000 8:05:00 AM
From: shamsaee  Read Replies (1) | Respond to of 152472
 
Some people might consider us crazy dead money investors.I think not.That salvo of a press release that I just read probably has people in Helsinky and Tokyo running up and down the floor saying shi..t we went too far.Like a good father DR.J knows when to give and when to take.

Enough now,I am going shopping for the mrs.Will miss most of the action today,take good care of my shares.This place is going to get crowded soon<ggg>.

bulish as always

Sham