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

To: waverider who wrote (31515)	2/20/2002 9:22:11 PM
From: jjstingray	Read Replies (1) \| Respond to of 99280

I agree. Qcom may see another bounce but if the Naz fails, Qcom will likely fail too. They have had some postive news, but with 0growth this year, who wants to pay almost 40 times earnings. I will just wait to pick up some Qcom when it hits the 20's.

To: waverider who wrote (31515)	2/20/2002 10:30:49 PM
From: Caxton Rhodes	Respond to of 99280

WR- Been persistent with QCOM for what seems like ages. I firmly believe in the fundamentals and strategy of the company, but these days I am trading more and more. There were a ton of opportunities to sell QCOM and practically every other naz stock in the last two years. Although I still own a lot, I'll sell it without qualms if it goes the other way. It would be great to sell at 38 and double up at 19; I just don't think it’s going to happen. But who cares if it does, just trade it. In order for QCOM to look really bad, I think it has to break 32.5 or so. As you know, QCOM is the only potential msft out there; I plan to be on the train when it leaves the station again. All it would take is one Euro operator to announce an overlay with 1X (slim as that might be); otherwise we wait for the inevitable migration starting in 04 or 05. Cheers, Caxton Amid Wireless Wreck, Qualcomm Is Still a Standout Message 17090203