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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Johnny Canuck who wrote (15129)1/22/1998 2:06:00 AM
From: Clint E.  Read Replies (1) | Respond to of 69967
 
Hello Harry, thank you for your thoughts/findings on telecom-equip. sector. It is good to have contacts in the industry!! Let me read it once more over the weekend and post my thoughts.

I still like the short side as I see NAZ heading nowhere anytime soon, especially as we are leaving this Jan-dressing period. Lots of fake starts in stocks/avgs. as they pop above 50/200dma only to make U-turns. Still plenty of chance for long-term investors to get in at lower prices. No hurry. I can see the headlines as we hear about seasonally soft PC sales & tech. earnings in Q1....

FYI, price of dual-mode(PCS1900/AMPS 800) QCOM phone dropped from $250 (offered by PrimeCo & FON) in Dec./early Jan. to $150 to $200 this week in DFW area. According to PrimeCo, Q-phone is not selling well but the dual-mode H/S is hot. Sony's Z-phone sells for $400 but I am sure it will be $250-300 in a couple of months.

Clint