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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: StockOperator who wrote (38311)7/23/2002 11:18:18 AM
From: Ramsey Su  Read Replies (2) of 52237
 
What about QCOM which is slightly up this morning. Smart money antics. Everything I see tells me QCOM is going lower this week giving us a crack in its armor.

Stockoperator,

short sellers, in my opinion, perform much better due diligence than the long side. They certainly do NOT just look at a chart or two and jump to some uneducated conclusion. Have you ever considered why qcom is not cracking as you repeatedly suggested?

QCOM is reporting earnings this Thursday. They have already announced they will meet estimates. Could qcom surprise up or down? Of course. But under the current circumstances, only uninformed careless traders (or very well informed traders who has done more DD than just reading a chart) would even playing qcom at this time, where there are so many other opportunities offering far better reward/risk ratios.

Time will tell.
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