Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Daniel Chisholm who wrote (2466)	5/30/2000 5:54:00 PM
From: RockyBalboa	Respond to of 2506

Daniel, we had indeed a bottom. Nasdaq shows a relief rallye and with Qualcomm bouncing hard - on bad news out (lo & behold I did not short it premarket while digesting the news...), there is some ammo left and the short interest supports the stocks. The action in QCOM was ridiculous. I watched it to break even, then hit 67, 68, and ze buying was relentless. Said a commentary on CNN, "we might see a rallye in June, July"... and I didn't believe that a bear market can be said off that quickly. Whether it does happen ....the next days should show us the truth. Considering the vested interests in COR, I'm likely a buyer at those low prices. But I won't bet too much on CORL...as many other quality companies should be bought if you consider the rise for real...