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


To: Clint E. who wrote (20355)3/25/1999 3:44:00 PM
From: Johnny Canuck  Read Replies (1) | Respond to of 70668
 
Hi Clint,

Incredible volume and price movements on ADCT and QCOM today.
I can't find any news on ADCT. I am not too impressed with
QCOM's conference call. There is still lot of near term risk.
ERICY does not plan to ship CDMA phones till next year.
QCOM loses a money losing business sector. Revenues are affect
negatively so Q-Q and Y-Y comparison will not be possible.
It looks like they keep their handset and ASIC R&D divisions.
This might affect QCOM's relationship with NT as ERICY is now a
competitor on the infrastructure side. NT has been planning on making their own ASIC's anyway though.The 3G fight is still not resolved though.

I finally sold a portion of my QCOM position since it is within spitting distance of my target for the year. Boy, this is tough way to get 46 points. I have held though some pretty big volatility.
Momentum might get QCOM another 15 points, but I don't like the
market conditions right now. Quarterly window dressing should be over soon. I will look to buy it back lower down.

Harry



To: Clint E. who wrote (20355)3/25/1999 11:22:00 PM
From: Suresh  Respond to of 70668
 
Braverman upgrade and market reaction



Stock Rating Target Open High Close Change Vol Avg. Vol

AMZN Buy 175 128.9 140 139.8 16.2 8.04M 10.1M
ATHM Buy 180 143.6 146.8 146.3 10.3 3.4M 2.8M
AOL Buy 155 124.5 127.9 126.5 9.4 23.4M 24.2M
YHOO Buy 210 167.9 179.3 179 18.5 8.1M 9.8M
SEEK Buy 110 81.3 82.7 81.1 4 1.9M 2.3M
VRIO Buy 54 46 48.3 45 2 1.9M .7M
XMCM Buy 100 73.4 75.5 71.1 2.1 .5M .7M


Just for comparison..

ML 12 month target for YHOO is 210, AMZN 150.

Later,

Suresh