[RT] Re: Qualcomm - at a low???

["Phil Lane" <patterntrader@xxxxxxxxxx>]

Good points you guys. Bottom picking is risky business. If we see a blip
upward from this point on a good shot of volume, significantly more than
it's been trading lately, that would be the beginnings of "re-accumulation".

Rather than buying cheap, it's more important to buy something that's going
UP!!!!!!

So I think it's interesting but certainly premature. Will be keeping an eye
on it!

thanks for the comments,
Phil

----- Original Message -----
From: wong <whs@xxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, January 19, 2000 1:59 AM
Subject: [RT] Re: Qualcomm - at a low???


> A better way to enter long may be to wait for at least 2 indicators to
> confirm buying.
>
> I would rather risk missing going long than entering too soon.
>
> Please refer to attached gif file.
>
>
> Regards,
>
> Wong
> ====================================================
> At 01:15 AM 01/19/2000 -0800, James Taylor wrote:
> >could be, or could be the makings of a descending triangle, with a coming
> >breakout to
> >the downside.
> >
> >Fundamentals couldn't be more out of whack (but that is how it got to its
> >current absolute insane price  -- by short covering).
> >
> >Chasing bubbles like this is a recipe for disaster. IMHO
> >
> >----- Original Message -----
> >From: Phil Lane <patterntrader@xxxxxxxxxx>
> >> Nice volume dry-up on the pullback - Accumulation/Distribution in the
IBD
> >> still ranks A.
> >> Support (line drawn) at 132.
>