Steve, look at QLGC's chart. It is going to test the low at 33.50 or so by the next week or so. You may scalp a buck, but you may also lose a few if QLGC gives up 37. Be careful out there.
This is not over yet, and just because we have hit a speed bump doesn't mean it can't start right back up. There are no easy trades until a re-test is complete and confirmed. Until then, it is catching falling knives if you hold longer than a few hours.
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