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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: pls418 who wrote (7892)	3/15/2002 4:47:41 PM
From: chowder	Respond to of 206191

Steve, since you wish to open a long term position, now is as good a time as any to establish a position, maybe 1/3 of a full position. In thinking long term, use a longer term chart. The weekly chart is showing an uptrend from recent lows. This week gave back some gains but it looked like normal profit taking and held above the 10 week moving average. stockcharts.com[h,a]waclyiay[pb10!b50!b200!f][vc60][iut!Lh14,3]&pref=G If the stock disappoints and breaks down to a new low, you can buy another 1/3 position. Save the last 1/3 position for when QCOM closes above the 200 week moving average. This strategy should give you the best risk vs reward payoff since we don't know what the future brings and it limits your losses in the event you chose the wrong company. dabum