To break its down trend, I would say that QCOM must stay above $50, and to get a new uptrend, we really need about $71 to be taken out. However, it is a good trading vehicle in the $56.5 to $64.5 area, when you can get it, I have at $56.75 GTC on QCOM, but it does not seems to want to get that low, maybe in the next few days.
In the meanwhile, I sold CYMI again, at $40.125, a loss of $1-5/8, and SSTI at $30 flat, an even trade. BRKS, went out at $45.5, a solid $5 loss. That is getting me to a more comfortable 45% cash position.
Zeev |
