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Technology Stocks : Nokia Corp. (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: A.L. Reagan who wrote (1936)	1/17/2002 10:10:05 AM
From: Eric L	Respond to of 9255

A.L., << sold most of my QCOM after the last earnings came out, and inexplicably, despite what I thought were suck-ass earnings quality, the stock traded in the mid-50's. Because of the optimistic nature of human beings, I doubt the issue will get too much below 40 - and actually have some staggered GTC buys in the 38-42 range. >> I stayed put. My one trim of QCOM last year was at $88. I agree with you however about the trading range and staggered GTC buys in the 38-42 range are sensible. Anything under $40, I consider a Qualcomm bargain but I myself won't add as I'm comfortable my LT position. << NOK I'm wondering whether that gap at 18 from October will fill. Have a small short in NOK, looking for cover point and reentry to go long. >> The gap could fill. I consider anything under $20 a good NOK entry point, but my position exactly where I want it. All in all I am probably heavier the sector than I should be, but long term I like it as well as any, and the strong balance sheets of QCOM & NOK will allow them to weather the storm. Next 6 months will be very choppy for wireless sector, IMO. I do think that things could and should improve from there. - Eric -