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To: Trader X who wrote (9450)11/5/1997 1:38:00 PM
From: Judy  Respond to of 17305
 
Kevin, it was the "soon" in your post that I was dubious about. WFR is at the end of the semi equip food chain. While the sector with the likes of AMAT, KLAC, KLIC rebounded sharply off their lows of a few days ago due to positive words at the AEA conference in San Diego, I just can't see the blocks buying WFR yet. In fact not much buying interest in the stock today when volume is heavy on the ones listed. What kind of momentum indicators do you use?

QCOM is acting well and I'm waiting for a true breakout this time. Earnings Nov 11th and I presume the NAZ will hold up. Previous breakout was practice. btw, I'm long leaps and short Nov 65p.

Technically what's your estimate of the upside for CSCO and QCOM?