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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Sharck who wrote (13609)3/28/2001 10:47:29 AM
From: JRI  Read Replies (1) | Respond to of 37746
 
Qcom could get cut in 1/2 on any slowdown.....likely will break(down) rising wedge in a downtrend...no recent bottom on that puppy...lots of resistance from 60-70 due to that long (former) saucer bottom.....

The only thing that would worry me is its "cult" status...but this big, bear is chewing up all the furniture....no place to hide.....remember RIMM in the 120's 6 months ago <G>?



To: Sharck who wrote (13609)3/28/2001 10:49:51 AM
From: stomper  Read Replies (1) | Respond to of 37746
 
edit: 10:37 ET QUALCOMM (QCOM) 57 1/8 -2 3/4: Sources at Wit SoundView telling us that the firm is noting that the big two Korean carriers are merging,and to close the deal the government is making them freeze new subscribers to reduce market share; Wit believes that this will result in a freeze in orders for QCOM in a quarter that already looks to be in jeopardy. Briefing.com.

-dave


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