Saturday, May 17, 2008

Sellers Remorse--A Little

QCOM- never go broke taking a profit but I spent a little time thinking I should have did a swingarino on this one. I put up a three year daily chart to give you an idea of the magnitude (imo) of the breakout. I'm a volume junkie it was more than double on Friday. Looks like $47.72 is the next resistance, but once through there it should run. I'M a buyer on slight dips or continuation play.


About Me

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I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.