Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

The first support for QCOM is $55, and that will close the recent $56/$57 gap. If we go all the way under 1900 in early/late March (nominal timing for that low on 3/24 see #msg-2000425), there is a pretty good chance that the gap from early December ($45.7 to $47.5) will be closed, possibly all the way to just above $44 (back to where I suggested QCOM in early October...). Right here, QCOM is still quite strong and if you are long, I would simply use a stop just under $55, like $54.75.