Discussion in 'Trading' started by OVERtheLINE, Oct 3, 2002.
i was long and protraders news was down, their books blew up and couldnt execute against arca, lost 1 point on the trade
Got blown out by EMC.
Got long at 22.35 for a scalp, not mine I hope.
This stock will be one of the biggest dumpers, imo and yes I am short 32.4
16:38 ET Storage names hit on EMC warning : Prices vs the 4 pm ET close -- QLGC -1.90, BRCD -0.34, NTAP -0.32
16:26 ET EMC Corp cuts Q3 forecast, will buy back up to 250 mln shares (EMC) 5.01 halted : -- Update -- Company expects to report total revenue of approximately $1.25 billion, and a loss of $0.02 per share for the third quarter -- Multex consensus estimates are $ 1.4 billion and a net loss of $0.01 per share; says IT spending environment remains "brutal".
I've been playing QLGC quite a bit this year and I think it is going to its September 01 low, no reason for it not too.
Separate names with a comma.