Ok. Thanks for clearing that up. I guess I've just been surprised by how many people who have been long on Q have been worried at all. Maybe latecomers who got in when it was 600+ are concerned with margin. That's not my case. When I look at the chart on Q, I see a stock that's had a fantastic run, trying to create a new base, and basically doing a decent job of hanging around the 10 day moving average. I think of this as a healthy breather, and feel somewhat puzzled that the Q thread is in disarray, and posters are getting downright nasty with one another. Maybe the panic has do with Jan. options expiration. I suspect a lot of traders played otm Jan. calls when Q was too expensive to buy, and now are caught in a tough place - which is exactly where the mm's want them.
MHO, I think Q trades in a 135-150 range until options expire, and then moves up another 10-20 points into earnings, then bases between 150-175 through February. All bets are off if Q announces any big, new subscribers to CDMA - in which case we go up again. I personally would feel very comfortable if we can get 20 candlesticks in this range, and then have a strong base to go up from, and to hold as support. (I hope I didn't offend you with my question). Glad to hear you're long, although if you were short I had no judgement - just prefer if people state their position publicly.
Donna |
