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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?


To: J.T. who wrote (1171)11/2/1999 3:48:00 PM
From: DayTraderKidd  Read Replies (1) | Respond to of 19219
 
I don't think they have the authorized shares for a stock split. I could be wrong though. I agree with you that they will announce blowout numbers. I just don't think they will go up much. I think qcom is short term overbought.

I hope so anyways J.T. I have been shorting it in the upper 220ies for the last two days now and am going to hold a small short position into earning.

I like excitement and I stay up late



To: J.T. who wrote (1171)11/2/1999 5:43:00 PM
From: J.T.  Read Replies (1) | Respond to of 19219
 
QCOM, FWIW announced a stock split and is trading at QCOM 232 (now 236) after hours on island:
gritch.isld.com

Just enough spice to make MITA call 1,168:

...<BKX 878 support has held. NDX 2,620 has held. We are going to rally off of QCOM earnings and Fed Beige Book tomorrow. TRIN is at one day overbought reading of TRIN 1.33 also will stoke the rally. One hard day up.

and MITA 1,171 call come true:

...<Peaceful, For me, QCOM will not disappoint, but announce blow-out numbers and maybe even a little spice with announcement of a stock spl... Just a gut feeling>...

Best Regards, J.T.