stockcharts.com[L,A]DBOLNYMY[DD][PB50!B200!B!B!F][VC60][IUC20!LB14!LF!LG!UA12,26,9!LJ[$SPX]]
"It didnt break the 50DMA in Jan it broke it in Feb"
Look at the chart, mm. It broke in January and not at 138.The edge of January is on the chart. Qcom went all the way down to 105.
"In Jan we diped tested the 50 and rallied back to 150 before earnings and then fell out of bed"
Actually Q rallied after e after an initial dip.It rallied well above the 50 day in February, dropped below it and then went up way past it to 160+ in March,and then broke the 50 day again in the final stage of the collapse starting in April, at that time in the 125 range. 138 was never an issue.
"It wasnt till the day of earnings that it was apparent that Qcom wouldnt hold the 50 and the momentum was dead."
I just think you are confusing the action because it was wild. That is what happened, EXACTLY, in April.I recall you sold at around 120, and that was a superb an important call.
"If you are going to pull up my post's dont just pull one out of context, pull them all. For the record I held the first break of the 50DMA it rebounded and I sold on the second break"
I think that is right, but it wasn't at 138 but 120, and it was in April not earlier in the year. I am simply tring to straighten the facts out. I think you dumped in April in the low 120's, not earlier in the year at 138.Or at least that is what you told us at the time. |
