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To: LLCF who wrote (17114)	9/10/2000 10:46:27 PM
From: Zeev Hed	Respond to of 436258

QCOM still rich, but rich or not is not the point when too much money is chasing "too few stories". Right now, the trend is still down (it needs to take the $64/$65 area to join back the "nifties"). If you insist on owning some, watch if it holds the $58 or so area in the next few days. I am not playing it but for short term DCB here. By the way, there are quite a lot of cheapies like KEM, some stocks even selling under book or at barely cash on hand. Each has its own sorrow story, however, and you got to wait for the spot light to shine on them. Personally, I think that even the cheapies are going to become cheaper once a real bear comes down, but for that you got to wait until early next year, IMHO. Zeev