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Strategies & Market Trends : Young and Older Folk Portfolio -- Ignore unavailable to you. Want to Upgrade?


To: InDivGrowthWeTrust who wrote (7152)7/31/2024 6:42:55 PM
From: chowder2 Recommendations

Recommended By
cemanuel
Tam3262

  Read Replies (2) | Respond to of 21837
 
Re: QCOM ...

Oh wow! What a turn around. From +10% to in the red, all in after hours.

I sold QCOM yesterday. It was okay with me if they did well today, I was done with them. If I hadn't sold yesterday, I certainly would tomorrow if that's what the price action is going to look like.

If others wish to keep it, I wouldn't make a case against it. I'm looking for momentum during a time when momentum should be in favor, and it's not for QCOM.

META was a pleasant surprise, but I'll watch that price action tomorrow. If it duplicates what QCOM did, I'll sell that one too.

Tomorrow after the close is when AAPL and AMZN announce. They either advance today's action or they might signal a temporary top in technology in my opinion. We'll see. I did front run earnings on AAPL, so I have a special interest there.

I did considerable buying today across various portfolios I manage and I went across various sectors.

ABT .. AEP .. AMT .. CAT .. CMI .. DE .. HSY .. MDLZ .. O .. PLD .. WEC.

Then I added some income based assets.

BME .. BST .. EOI .. EOS .. HTD .. SPE .. UTG.

I sold MO and UPS.



To: InDivGrowthWeTrust who wrote (7152)7/31/2024 7:04:25 PM
From: Mili21  Read Replies (1) | Respond to of 21837
 
Re - $QCOM - Your earlier Woo Hoo got Booed down as the AH's action dragged on :-)
AH, when I was typing the message, it was up by another 6% on top of the regular session 10%.
Need to read what's going on...
But in short, I guess, $QCOM seems to be doing everything it needs to do....