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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: rfisher who wrote (2448)	6/15/2000 2:07:00 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 30051

It is quite funny how the same brokerage house did not have enough superlative for QCOM when it was twice as high, now, when they view the risk as another 15% they are saying sell? Gee, I think they should pay my turnips for advice. The turnips are actually saying that if we hold $60 here, that H&Q pronouncement is a prelude for their accumulation here. I am staying with QCOM until the breach. RMBS is actually doing fine, a little supply here at the former $240 area ($60 post split) is expected, I'll wait for another 30 minutes to an hour to decide what next with RMBS. If RMBS does go through that brick wall, it will be a "doozy" just like XIRC yesterday and APH today (who was that saying I do only "day trading? APH was bought almost a month ago <VBG>). Zeev In edit, on second thought we are getting back to the 3850 area on the NAZ, an overhead supply area, if we start and turn back, taking some profits may be call for. And you are right about that brick wall at $60, I just got out at $59.25, and it was dropping fast, maybe I can get back in under $55.