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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: jjstingray who wrote (30532)	2/16/2002 10:51:21 PM
From: ajtj99	Respond to of 99280

jj, I'm thinking of March 35 QCOM's at around $2.00. If it doesn't drop too fast due to those 5-trend lines between 30 and 34, at least I'll re-coup the cost in intrinsic value. I think this drop may not be complete by Feb. 22, which may mean we may have to wait until March 4 or so for it to finish. I believe 25 is a possible target for the move down, and I'm playing it. I'm hoping for 29 at least for the move. Interesting that the bounce at the extreme low a week and a half ago happened at a point where a falling SRL line from the 2000 highs intersected as well as a falling support line on the falling channel hit. That should have been an obvoious bounce point if anyone was watching a QCOM chart closely that day.