QCOM Reacts as Hoped! at 2005-11-12 23:55:02
QCOM did exactly what I had hoped it would. I ended up selling at 42.70 for a nice 5.75 % profit. It closed at 44, and could go even higher, but these earnings moves have been unpredictable of late. If there's a low volume pullback, I may take a position again.
I bought 1200 shares of iVillage at 7.94. It's been spiking on good volume on talks that a Google or Yahoo could pick it up. Current market cap is 545 million, and 700 million is the sale figure I've been seeing. Closed at 7.75. Will sell if it doesn't peform tomorrow.
May cut losses on BCRX.
Is tech going to continue to rally or will it pullback? That's the big question on my mind right now. If there is a pullback, I will be buying.
Checked out the Chartman's subscription service today on thestreet.com via a free trial. I plan to spend some of this weekend analyzing his success rate and strategies.
Thinking Out Loud, No Stocks Allowed:
Well, I'm going to cheat because this is stock related. I'm an unabashed liberal, and have been conflicted about trading companies I despise (Haliburton, Walmart). Does a quick scalp really benefit the company? Why is it I won't set foot in a Walmart, refusing to spend two bucks on toothpaste, but will take a $20,000 position for a trade?
"Great spirits have always found violent opposition from mediocre minds." Albert Einstein.
Watched Garden State today. Great movie, but what I am thankful for is that it turned me on to a great band, The Shins.
TO DO LIST:
Do candlesticks work as good as they look? Spend some time researching this using stocks from different sectors.
Get Slingbox and Verizon wireless broadband for laptop.
Workout.
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