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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?


To: Teflon who wrote (4616)3/10/2000 5:53:00 PM
From: Poet  Respond to of 8096
 
Only if I can listen in and chaperone.



To: Teflon who wrote (4616)3/10/2000 6:37:00 PM
From: in_outdaily  Read Replies (1) | Respond to of 8096
 
QCOM's move today looked like the potential breakout from the pennant formation that formed since early January, after the last split.

The apex of the pennant looks like approximately the 7th of April... which would mean that a breakout could be expected about now.

I was really impressed with the volume/velocity of todays move... but will it stick?

Sold some April 135 puts earlier this week for 15 and change.

How's the chart read from your perspective?

Bill