ot ot ot I sold QCOM well above 100, so I'm happy, I did try to get cute before I went on Vacation though and lost money on a QCOM trade with a stop. My reasoning on GMST is that it has to close below 60 for the support to fail. My reasoning on the market at large is the lack of catalyst to drive the market higher as earning season winds down, the annual sept/oct selling looming large only adds to my thinking. So if the market is weak going into that time, the selling could get ugly, especially now that I feel the market is starting to worry about future earnings, so any slowing of the economy will be viewed as negative too. So the potential negative and my few of the general market action is forming my thinking. Still, I'm looking for the rally into the end of the year, so I'm holding my core holdings while selling off nearly all my trades in the AM yesterday getting ready to do another bottom fishing expedition. The following stocks I plain to add then are as follows. SUNW (core), EMC(core), NTAP(trade), JNPR(I own this one already it's now a core holding I want more of it but not at these prices), RBAK(trade), EXDS(trade), EXTR(trade) maybe SEBL(trade) and GMST(trade) add more to BBH and my funds too, etc etc ...
Greg |
