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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis
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To: Daniel Chisholm who wrote (2466)5/30/2000 5:54:00 PM
From: RockyBalboa   of 2506
 
Daniel, we had indeed a bottom. Nasdaq shows a relief rallye and with Qualcomm bouncing hard - on bad news out (lo & behold I did not short it premarket while digesting the news...), there is some ammo left and the short interest supports the stocks.

The action in QCOM was ridiculous. I watched it to break even, then hit 67, 68, and ze buying was relentless.

Said a commentary on CNN, "we might see a rallye in June, July"... and I didn't believe that a bear market can be said off that quickly. Whether it does happen ....the next days should show us the truth.

Considering the vested interests in COR, I'm likely a buyer at those low prices. But I won't bet too much on CORL...as many other quality companies should be bought if you consider the rise for real...
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