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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?


To: Wyätt Gwyön who wrote (4210)7/23/1999 12:06:00 AM
From: Will Hou  Read Replies (2) | Respond to of 54805
 
GM (hmmmm that sounds pretty good to me, almost gorillish) and thread,

LEAPS in QCOM, this is one of those days I'm glad I don't have to look at the stock ticker till the 3rd Friday in Jan 01 (of course, I wouldn't know that unless I looked at the ticker, but...:)

Although I think you do know where to find them, but here's a link anyway
tscn.com

The reason I put it here is that this site is one of the few places on Internet that's really useful for individual investors. To me, it has at least the same level of excellence as SI, if not more. Besides, it's free. Another reason I put it up there, is that a while back, another poster asked about option tracking sites (sorry I was travelling at the time). I don't know any, but this site can help greatly in that regard. Maybe ETrade game site could help if you want to do paper-trading. Their games should let you play both stocks and options and quotes should be updated automatically. I haven't played it for at least two years so I could be wrong, if they have changed.

WARNING WARNING WARNING: THE FOLLOWING IS JUST CRYSTAL BALL READING

On a separate note, I did notice QCOM strength on the first down day of Nasdaq recently (after its earnings). I was thinking to get a small portion of it but luckily did not pull the trigger. If anybody cares, I was waiting for it to pull back to about 50 EMA range (that should be 130s in very short term). FWIW, last time it touched 50EMA was 5/26 (and almost on 4/20). It seems to me that if QCOM will have another down day tomorrow (lower high and lower low), it could easily pull back to 50EMA.

If you are into TA, you'll notice that STO, RSI and MACD etc all turned bearish. To me, RSI is more significant since it is clearly heading to middle-band (50). Today's low 146.75 has touched middle bollinger band. If it goes below that, it'll most likely head to lower band, which is around 130s and coincides with 50EMA. Notice that these values will change with time, and should be around low 130s till/around 7/26 and 140 around/till 8/5. Again, this is ALL speculation and crystal ball reading. And, I have no positions in QCOM.

BTW, anybody think today's action on ITWO changed anything? I've noticed it's on W&W Portfolio.

Thanks and all best,

W.