QCOM has been a great stock. It is still holding, but barely the 50day sma, so as long as it remains there there is hope for a nice gain on that rather large position of yours.
stockcharts.com[h,a]daclyiay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G
If it trades down below the 50 day sma then the next area of support around 38 which might roughly correspond to the 200 day sma at that time.
Me personally, I am agonizing over my ISIL which has got me $1000.00 down and may break down further before rebounding.
Anyway, I think the market is toast. We should short the rallies if we ever get any.
JMHO, RtS |
