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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (10152)	6/25/2001 8:25:14 PM
From: Pierre	Read Replies (1) \| Respond to of 52237

Zeev: QCOM showed up on my eod short candidate scan this afternoon. I'm expecting a resumption of the downtrend begun in late may, and if I am reading it correctly It is confirming with a "hanging man" candle pattern. My concern is that today it has tested a previous support level (52.50) and bounced. Also, it is still below the 20 dma, and I'm usually more comfortable if it is between the 20 and 40 dma, or at least bounced off the 20 dma. Neither is the case here. Given the short term uncertainty with the fed announcement wednesday, I'm a little hesitant. Still, I think the market is headed down hard and Q* will follow that trend as wireless still has some blood to give. Curious your thoughts from a purely technical perspective. TIA. Pierre

To: Zeev Hed who wrote (10152)	6/25/2001 9:04:47 PM
From: HammerHead	Respond to of 52237

i heard many CLECs are under credit hold status - vendors don't sell them anymore new services, they don't pay for months. trade those stocks with cautious, it might wipe out 50% of your investment.

To: Zeev Hed who wrote (10152)	6/25/2001 10:18:12 PM
From: JRI	Read Replies (1) \| Respond to of 52237

Too bad....I think you exactly nailed it however....the stock will have two or three great rallies (likely one already mostly over)....these rallies will likely have nothing to do with reality, rather will be pure hope, speculation, and hype jobs....similiar to Priceline (as DMP points out)... Nice work by you....was a logical play, especially after that huge volume day late last week...