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To: freeus who wrote (6382)2/23/2002 6:36:27 PM
From: Boplicity  Respond to of 13815
 
What price range and for how long would you consider a respectable base where the stock is probably no longer subject to "let's get out" holders?

I can't tell you price range, only the market gods know that. I can tell you that sideways action for 4 or more months would be great sign of only strong holders left. Also, look for QCOM to not drop on bad news. CIEN is perfect example of stock that still has weak holders in it, even at these levels.

I mean: once it goes down and bounces, wouldn't you still want a bounce and then a stable price within 4 or 5 points for a few months?

I can really tell you how many points, since I don't know at what level QCOM will start to base or if it even will. At one time flat lines would happen, but in this day and age, with instant dissemination of news, the stock would really have to be dead money for that to happen. You will know when a base begins. You will be able to draw two parallel line connecting the tops and the bottoms going out 4 or months. Stocks are like springs. You compress them, they bounce. If they are going to base, they start a decaying oscillation after the bounce. So you can look at chart like this. Think of pencil attached to the spring with a roll of paper scrolling by. Like a seismometer .

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