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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 166.31+1.8%11:50 AM EST
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To: Ingenious who wrote (11808)6/25/1998 9:02:00 PM
From: Jon Koplik  Read Replies (1) of 152472
 
Leland - don't mean to be a creep, but (you knew "but" was going to be next)... if one really believes QCOM is doomed to be in a "trading range," then, logically, one should sell it short every time it gets to the "top" of the purported "trading range."

I personally would predict that people who undertake this strategy will ultimately lose any and all trading profits on the eventual move up beyond the "trading range." Wall Street is littered with people who have lost their job assuming a "trading range" would persist at least one more time.

Jon.
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