QCOM - what is going on here?

Quote from TorontoTrader2:

Means little, could be a hedge.

A few times on OIH, SMH, QQQQ, I have seen simultaneous prints of 1-2 million block buys of stock, and then 10-20k block buys of front months PUT options (a hedge) , then the ETF rockets up the next day.

Most def. Just checking the options volume for the heck of it.

I hear you though. One of the main reasons why I missed this last huge run is because back in late August/early September, there was absolute insane put buying going on for like 6 or 8 straight trading days on the the NDX and QQQQ's in particular.

I couldnt believe it & thought for sure the market couldnt go higher & was heading for a head fake with the VIX being so low and all these ass clowns on tv coming out of the wood work pumping the markets. I am a swing trader, so for me, it takes a bit more time and strategy to get good quality entry points. I use stops also, which can even create more potential obstacles for missing runs. I got stopped out of Apple like three times and look at it now. Why would I possibliy buy it at $90 now when I had it in the high $50's? For my strategy the risk/reward here doesnt make sense. I am very interested in QCOM at these levels though for sure.

You are right, you have to take those prints for what they are worth. Its all relative to a particular strategy.
 
this is phenomenal that in this market a former bubble-poster-child is languishing; are the fundamental issues and legal concerns really enough to stop the rising tide at QCOM's doorstep?!

i got out of ntes in the 15s where fundamental and political questions abound (even though i felt it would go higher) and it goes up almost 18% in a week+ while this pos is back in the 37s with no traction (which i held since i felt it was more sure and safe!)

sickening!
 
Quote from TorontoTrader2:

Did anyone else see that print in pre market at 8:57am for 2,100,000 shares? Yes 2,100,000 shares. Or am I getting bad data? :confused:

probably a dump out of frustration !
 
Quote from TorontoTrader2:

Did anyone else see that print in pre market at 8:57am for 2,100,000 shares? Yes 2,100,000 shares. Or am I getting bad data? :confused:

Shhhhhhhh!! I bought those shares as a Christmas gift. You'll ruin the surprise.:D
 
OK >> i say "uncle"! F this pos. :D

closed front month 3750c thinking it HAD to at least trade to 40! It still might. But i knew if we corrected QCOM could not hold up. But i "hoped" maybe it would get some money coming in if we sold off in some bubble equities!
 
Back
Top