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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.68

+0.7%

Nov 26 4:00 PM EST

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To: American Spirit who wrote (33424)	11/14/1999 8:05:00 PM
From: NucTrader	Read Replies (1) of 99985

>>QCOM would have been a great buy a year (or even a month) ago.<< Or, say, this week! I bought it for 296.50, sold @ 328 only to double down later the same day @ 330, sold the double @ 362, reentered with 1/2 the # of shares @ 386, sold @ 392. Now it may indeed go down 50 or even 100 points, but I would NOT be short this stock. Shorting the Q is a way of not being nice to yourself....My problem with "beaten down" stocks (and by the way, I've tried them in the past)- to buy a beaten down stock, you really have to have a value mind set. That isn't a wrong mindset, it just hasn't been a paying one, thus far. All, of course IMHO!

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