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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (14667)	9/7/2001 7:34:04 AM
From: 2MAR$	Read Replies (1) \| Respond to of 208838

Take it easy OJ , I know I will today ....pretty tired too. You have to try riding QCOM up and down your screens for 3 days in a row , and you'll know what I mean , hehe, and that after riding the bucking bronco BRCD! (and throw a little bit of NVLS & BRCM shorts yesterday for a little extra thrill! ) 8 down days in a row for QCOM , and still the shorts didn't let up on it at the $50 level , on huge volume like for VRSN. ..24mil shrs of QCOM traded yesterday vs the usual 11 mil going to be an interesting day to see if the shorts let up or continue. April lows for QCOM are in the $42 neighborhood ...but if QCOM decides "not to go down the rabbit whole" could bounce back violently . But with the MOT warning don't think that will be the case ....should just jostle around here today ... Were you watching the GSO index too ? The software sector has not seen levels this low since October of 1998 and that marked the bottom before the next leg up in a huge bull market. This sector continues down , like you saw it heading before , and PSFT gapped down violently under the stock's key support level of $30 and didn't even look back ... Could be some covering in PSFT today and some bounces until the next set of downgrades and/or warnings . 52 week lows being hit all over the place in the GSO.X...these pro/shorts have not been seeing any bottom in sight , and haven't been anything but deadly serious . hopefully catch some little bounces today ...if awake !