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Technology Stocks : Full Disclosure Trading
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To: Return to Sender who wrote (2340)10/18/2002 1:27:29 PM
From: Jacob Snyder  Read Replies (1) of 13403
 
QCOM short/cover plan:

Will short @ 36 (looks like ST resistance), and about every 5 points up from there. Cover at 30, and 25 (where the stock has bounced repeatedly). At 36, QCOM has had a 44% runup from support at 25, and I think this rally is petering out. It could, however, go as high as 50 (a double off support), and I'd be prepared to keep shorting up to there.
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