I think you're right here. I shorted QLGC at 36.40 and it's looking good so far. I've lost enough on this one playing the long side. Maybe I can win something back. <G>
So far your timing looks spot on Zeev.............
13:07 ET Genesis Microchip strong on Dell rumor (GNSS) 8.21 +0.58: Stock has been strong this morning due to a rumor that DELL is sold out of 15 inch flat panel displays (also, co holds its mid-qtr update tomorrow at 5 PM ET); however, this rumor is being viewed skeptically by others, who point out that DELL holds no inventory of flat panels and hence can't be "sold out", and that DELL's flat panel levels may have been skewed due to their recent special on those products.
Whadda give odds of manipulated up into close (surely 9/11 doesn't close red)...and then gap up tomorrow (and then crap into the 100 pts or more decline over coming days,)...
Zeev, sticking to a plan here? Volume is light on a somber day, and we're on high alert for terrorism (or two-bit copycats). Yet the markets are still trading higher.
Any chance the turnips might be jumping the gun here?