Here is why I am shorting QCOM..

AAAintheBeltway · May 19, 2003

Is it just me or is this QCOM reit of guidance a big nonstory? Apparently they are saying China demand in second half will pull them through. And maybe NOK will bury them. Which is more likely?

Trend Fader · May 19, 2003

Moved down my trail stop on qcom.. to 31.56.. which is the 5/14 high.

So far... I am up roughly %7 on the short.. I will just trail out the position until I get stopped out...

--MIKE

iceman1 · May 20, 2003

QCOM forms a small H &S pattern... extrapolating to 33.50+. But first it's gotta form a right N/L considering May 15th as the 'head'.

This is an IF right now.

Regards,

Ice

taodr · May 20, 2003

I still say be careful. The moment SARS appears to be beat ( for now anyway) QCOM will jump.

taodr · May 20, 2003

I forgot to put this in, a lot of far easterners trade QCOM.

Trend Fader · May 21, 2003

stopped out.... for a modest overall gain..

--mike

iceman1 · May 21, 2003

Quote from Trend Fader:

stopped out.... for a modest overall gain..

--mike

are you looking to go long or short... from some higher/lower pivot level?

Ice

Trend Fader · May 21, 2003

Quote from iceman1:

are you looking to go long or short... from some higher/lower pivot level?

Ice

no.. i am done w/ qcom....

For technical purposes.. a close under 29.58 would still be bearish...