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

To: waverider who wrote (31194)	2/20/2002 1:45:03 AM
From: Caxton Rhodes	Read Replies (1) \| Respond to of 99280

WR- Obviously the stock has tanked from an intraday high of 200 and most recently the low 60s. Now you feel is the time to throw in the towel because the stock is headed to 11 or 18. If you want to trade/own/short Qualcomm, I suggest that the channels have been the ticket since I have followed QCOM which is about 1994. But you are making calls on 11 and 18 which I find totally unsubstantiated. QCOM has been a great short over the last two years, but one has to remain focused on whether the company is for real or not. They got 2.3B in cash, no debt, and are supplying the cdma carriers with 3G and offering it to the other 80% of the wireless market who can't seem to get their act together. QCOM keeps pumping out products that work. QCOM show signs of bottoming here, I'm not saying it will or won't, but the economy is showing signs of recovery as well. Larry is calling the bear dead or seriously wounded. What I am doing is watching for a break of the current down channel, it won't go on forever, and predicting it will go further down is as reliable as me saying its going to go up. How things have changed since Ramsey and crew hit the magazine stand. Definitely, but you got to love qcom at Cannes demonstrating WCDMA and GSM/GPRS/1X brew enabled phones at the GSM conference. I can hear Irwin laughing, "Not only do we make better stuff, we can do your stuff better than you can. Oh hey, you guys love SMS over here in Europe, right? Here, i'll send you an SMS on my GSM/GPRS/1x phone, don't worry it's only three words and if we use GPRS, you'll have it downloaded in 5 minutes, here goes, "GSM is Toast." Caxton

To: waverider who wrote (31194)	2/20/2002 7:27:35 PM
From: Caxton Rhodes	Read Replies (2) \| Respond to of 99280

Anyone in the market for the past 5 years...and still standing...who has been holding QCOM since the 1st of December when it double topped and was unable to recover...well...they ought not be IN the market at all. If a qcom recovery is confirmed in the next couple of weeks, the double bottom formed on Feb 10 and today is much more significant (both in volume and candlesticks) than the double top you referenced. Time to go the other way? Any way, as I said, I generally trade channel breakouts with Qcom. One more postive note on qcom is that even after it made a new low and broke resistaence to the downside it recovered, which is bullish. stockcharts.com[w,a]daclyyay[dc][pb50!b200][vc60][iUb14!La12,26,9]&pref=G Caxton