QCOM and TYC could lead up the market tomorrow. Investors are clamoring for a "QLGC_rally" and that would be fun going up and going down. There is no technical analysis here. Whatever we see in the pre-market tomorrow, we will have a much better idea what sectors might lead us up, and which sectors will be good shorts. I will be prepared to short any rally in the technology sector as many fine sectors are still UNDERVALUED as well as oversold, while technology is still OVERVALUED and oversold. BIG DIFFERENCE!
institutions are getting in "on" over the dead bodies of the individual investor. It's really rather funny how QCOM has broke down from 31 to a low of 25 and then get's a 'not too bad report' after two days of downgrades.
This entire market is so completely oversold but institutions are going to buy them back at dirt cheap prices. Shorters have a great right to capitalize on the corruption of the insitutions and as long as people are willing to sell these stocks for so little, we shorters will continue to short them and cover at the beginning of bounce rallies.
Eventually I would be a buyer, when prices are down even lower and even hold something for a year or two, no hurry. The joke is that shorters have had the first hand experience of riding piggyback on the corruption of these advisors that took the money from the individual investor. Since we are not invested and WOULD NEVER HAVE TAKEN THEIR ADVICE since the internet collapse, we were ready for them. Everyone is talking about "trading strategies, education" but the real education to short aggressively came not from these benign strategies that would have taught us to cover months ago, but from the corrupt institutions. What a laugh!
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