Replies to post #218807 on Zeev's Turnips Patch-No Politics (ZEEV)

[to_da_moon]

Banc of America reiterated a "buy" rating on Research In Motion (nasdaq: RIMM - news - people ) and a 12-month price target of $118. Banc of America said its research indicates that the company's wireless Blackberry devices "are still hot commodities" and that catalysts abound in the form of announcements for new carriers in the U.S. and Europe and for handset vendors. Elsewhere in the wireless-equipment sector, Banc of America's top picks are Qualcommm (nasdaq: QCOM - news - people ) and UTStarcom (nasdaq: UTSI - news - people ), both rated at "buy" with price targets of $72 and $47, respectively. The two least favorites are Ericsson (nasdaq: ERICY - news - people ) and Lucent Technologies (nyse: LU - news - people ), rated at "sell" and "neutral," respectively, with price targets of $18 and $4.

[Justa Werkenstiff]

Z: Noting that good bottoms coincide with high 10 day p/c ratios and noting that right here we are at .93 on the 10 day, I would note that the August 2003 correction topped out at .87 and the September/October correction topped out at .81 on the 10 day.