Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Groundhog Day -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (2174)	4/24/2002 5:10:18 AM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 6346

stockcharts.com[h,a]daclyyay[pb50!b200][vc60][iub14!la12,26,9][j4033393,y]&listNum=1

To: Jorj X Mckie who wrote (2174)	4/24/2002 5:44:54 PM
From: John Pitera	Read Replies (1) \| Respond to of 6346

Today was an interesting intraday plunge and then reversal up for QCOM. The volume in QCOM today was significantly higher than normal, in fact it was very similar volume to the day in late Feb when QCOM made it's previous low, near these levels. So it's a tentative double bottom we'll have to see the tone of QCOM trading the next few days, as well as the overall market. The NASD is at a tricky juncture. we've been seeing some real weakness in the XBD broker index and the SOX the past few days. The positive funding environment is keeping the BKX bank index in good shape. ... And the lower the market goes the longer that the FED keeps short rates low. This means the banks can keep borrowing money at 1.75% or so and lending out at higher rates. Gotta love that kind of business -g-