Long holds are down to just a handful in the past couple years. Too easy milking AAPL, Ebay, QCOM, and BRCM for gains. Beats the hell out of buy and hold for the bottom line.
Uhhhh........... is this stock is a joke or what ?? What the F is going on here??! During the last bubble anyone recall what price QCOM hit? And with markert making new high after new high>> QCOM is stinking it up. It's unbelievable. M
The all time QCOM bubble high was achieved on the very 1st trading day of 2000. It made another huge gap opening/new high. I wanna say $800ish. But was quickly faded. Dont forget, in the last 6 years or so, QCOM had two stock splits. A 4-1 and a 2-1
On a 60 minute intra day chart looks like there is a small gap down open near $40. Surprised it is not running with the other beta - AAPL, etc
Just stroke QCOM for 85 centavos a day. At least it is giving that up. Longer term....that thing is on it's ass.
Well -- someone just layed out a little more than $100K for 3000 Dec $35 QCOM put contracts. It was on the ask for .35, so clearly this is a new buy to open long position. Either a hedge or pure speculation of this stock price going lower very soon. There is some action on the $40 calls, but remember they are really cheap and also, the bulk of the volume is small size orders.
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. __________________ Please, I'm not a daytrader, I'm an "Intraday Liquidity Provider" 1-888-TRADEUP