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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?


To: Investor2 who wrote (14993)7/5/2000 9:09:12 PM
From: Allan Harris  Read Replies (1) | Respond to of 15132
 
Re: How did you handle the test (break??) of support?

I own QCOM from much lower levels and the "break" of the double bottom circa 60 was not meant as an all our SELL signal, but it was a SELL for any new positions based on that double bottom analysis. Meanwhile, the chart looks simply awful, the way it is supposed to look at the bottom and "break" of 60 has not (yet) been a hard break and it has come on lower volume. I could not fault anyone for sticking in here, even on new positions. What would it take for me to lighten up or exit my long term position? A viable wireless technology to replace CDMA that QCOM doesn't own.

Allan