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 : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (1753)	5/6/1999 7:36:00 PM
From: Uncle Frank	Read Replies (2) \| Respond to of 54805

>>I paid 226 this morning, and saw it drop to 218! Well I'm in good company then; I made a brilliant Q buy at 222 1/2 this morning. 90 days from now we'll look brilliant <g>. Frank

To: LindyBill who wrote (1753)	5/6/1999 8:46:00 PM
From: Poet	Read Replies (1) \| Respond to of 54805

Hi LindyBill, If you and the thread would like, I can keep you apprised of support/resistance levels on the Q on a weekly basis. It moved very quickly from 215 to 221, then popped to 229 1/2 today. Support today was 220 (where I bought) but since we sold off at the end of the day, it was likely we'd retrace to 215 or so. More simply, you'll be able to buy at 215 soon before it pops again, in all likelihood. Any ten to 15 point "pop" will be followed by a retracement to where it popped from. A position trader would take profits on the pop, then set a limit order at support and buy back some points lower. Hope this doesn't offend anyone. I really love QCOM as a long term hold, but will try to maximize my profits by position trading it.