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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: Zeev Hed who wrote (5265)9/19/2000 3:04:19 PM
From: anandnvi  Read Replies (1) | Respond to of 30051
 
Zeev,

Something's cooking with qcom or this stock wouldnt behave like this on no real news. If and when the news comes, qcom could go clean out of reach.

On breakout cases like this, wouldnt it make sense to open a small position (maybe 1/2 or 1/3rd your usual) and then average down or up as the case may be? That way, atleast youre in the stock when the news hits the street.

Thoughts?

Anand



To: Zeev Hed who wrote (5265)9/19/2000 3:13:07 PM
From: Rich1  Respond to of 30051
 
If you recall bought a half a portion of QCOM yesterday at $70 never got the second half at $66.
Got stopped out of SNDK when I raised the stop this morning to $77.
Just bought some SANM looks good to go..



To: Zeev Hed who wrote (5265)9/19/2000 5:12:06 PM
From: xcr600  Read Replies (1) | Respond to of 30051
 
Nice acceleration of vol end of day. Naz managed to do over 1.7bln shares.

for those wondering, I took 1pt out of the QCOM short. It has some serious mo and there is no point in wrestling another gator, having just got done with MCEL short.