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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (7573)	9/8/2001 10:12:13 AM
From: que seria	Respond to of 23153

I've been increasing using monthly charts in picking my way out of the money GTC buy points on Naz stocks. If you use a "fill the chart" weekly setting on most sites you don't get back to lift-off point for most Naz stocks that I suggest is crucial for judging return to trend: late '98, after the October unpleasantness receded. For example, on the QCOM weekly you see a rise just below 50 in late 99. The monthly suggests that there's much farther to retrace from a pure TA perspective: stockcharts.com[h,a]mbclyimy[pc25!c50!c200!i!f][vc60][iUb14!Uk14!Lc14!La12,26,9!Lp14,3,3!Lg] I say "pure TA" because I'm a big believer in Qualcomm's fundamentals; I just see too much priced in. I had a GTC buy order at 42 but, on reflection, pulled it. Woulda/coulda almost shorted above 60 but greedily held out for 64. :-( Many folks on the QCOM thread know far more about the company, but my sense is that absent an unexpectedly rapid adoption of CDMA2000 by more of the world, the near to intermediate term growth in WCDMA and other royalty-generating intellectual property will show the stock to be priced high for a worldwide recession (as I see coming). People don't require a new phone every year or two. I did put CTXS yesterday; thought I putted ALTR but just missed. Keep the short and long ideas coming, everyone.