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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: tuck who wrote (16116)	12/11/2002 11:48:29 AM
From: Techplayer	Read Replies (1) \| Respond to of 57110

tuck, In light of where NVLS is now, I am very happy with our decision to cover. Thanks for pointing out QCOM. It has rebounded strongly. My concern with QCOM is that it is a trend follower and typically goes as the Nasdaq goes, regardless of valuation and analyst opinion. I am not presently sure about the direction of the Nasdaq for the next 2 weeks. If it maintains low 40's until the end of the year, I will likely ride it for the January effect. I sold the ATVI for 16.35 (+.65/share). I would really like to short NVLS again but with a recent high of 38, I might hold off. MLNM seems to be continuing south. I might take a long position there if it appears stabilized. Good luck, TP