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

To: im a survivor who wrote (3903)	9/27/2000 9:00:32 AM
From: DepyDog	Respond to of 65232

QCOM - Qualcomm $73.38 +3.38 s/l $67.75 Shares of Qualcomm, added to our play list 9/17, finally gave us the respect that we had been looking for. China Unicomm Ltd, the country's No. 2 mobile phone service operator, announced this morning that it had acquired a cellular network that uses code division multiple access, or CDMA technology, a standard developed by Qualcomm. Volume spiked in the issue on the news and came in at 18.8 million shares, or 4.2 million above normal. Shares moved above their 5 & 10 dma on a closing basis, and with the recent revitalized interest in the wireless sector, we would expect more in the short term from this wireless handset leader. MACD in the issue is positive and above the trigger line, and we would look for more of today’s price movement in the next few trading days, with the next resistance coming in the 75-77 area. Next Earnings: 11/02/2000 Chart = stockbottom.com ===