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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: StockHawk who wrote (2221)9/19/2000 1:49:13 PM
From: techguerrilla  Read Replies (1) | Respond to of 65232
 
Qualcomm resistance

I realize there will be pockets of resistance at various stages for Qualcomm. I plan to be in Tahiti if it faces resistance at 140 this year, buddy. It would be cartwheel time. hehehe.

Thanks for your input.

-john-



To: StockHawk who wrote (2221)9/19/2000 1:49:18 PM
From: freeus  Read Replies (1) | Respond to of 65232
 
One last item. IBD provides an accumulation/distribution rating to indicate what the big money is doing. I have a note that the rating for QCOM on 5/30/00 was an "E" the lowest possible. As someone pointed out about a week ago, the rating just moved from a "C" to a "B", the second highest. I think QCOM looks pretty good here.

I usually watch the movement of the ACC/DIS column and completely forgot about it this last few months for Qcom...thank you for reminding us. That movement (up OR down) is a reasonable indicator of where a stock appears to be going.
Freeus