Idea Of The Day Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Idea Of The Day

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Judy who wrote (15432)	12/10/1997 4:35:00 PM
From: paulj	Read Replies (1) of 50167

I closed my QCOM short today at 61.5. I like QCOM long term but I'm having trouble looking at anything that way these days. Yes it's hard to short when everyone is talking about a rally and the S&P is at new highs, but when I look at all the uncertainty yet to be resolved, I find shorts easier than longs. Still haven't gotten a buy signal either. I would have loved the ride on the drives for a short, especially after getting cought on the wrong side of them, but I didn't do it. I shorted the S&P which helped out the past couple months, but not as much as the hit the techs have been through. Looking back as SEQ and WDC this year, knowing to shift to the short side should have been easy to see. Too many years of the techs always going up have dulled my sense to go short when I should. Looks like at least the next couple months will be in a trading range, at best. Probably won't get out of the range until the range narrows and the premiums drop. Today started to feel like we may be getting close to the bottom of the range. If this isn't close to the bottom, we have real big problems, which I don't think we face. Next year isn't likly to be a booming year; more a year of transition.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next