Either jump in (my target for QCOM was $69...the Prophet will be happy), or wait for a retrenchment to the $60 area, new box probably going to be in the $60/$65 area, maybe higher, but here at $64, I am not jumping in. I did just get some OVTI here at $30.25 though, going to try for the morning ramp... In edit and added SNDK here at $25.10.
QCOM Rockin this should put it in a new box from 62 to maybe Zeev's target of 69 I trade covered calls against a core position in QCOM my 60's expired worthless Fri. its already a beatiful day <VBG>
Separately, co announced that its MSM6250 Chipset has been elected by ZTE Corp for the WCDMA (UMTS)/GSM/GPRS market. This is something I watch and this is good news as the market is about 80/20 GSM/CDMA
And also for the Fundimentalist out their QCOM's royalties on WCDMA are reported on a lagging basis one Q behind
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