teecee, thanks for the response, but i said idcc as one of their telecom shorts, not the only. the index is used as "insurance" against the short (via the index or "cheap" call options). idcc has done well in comparison (in hindsight), but that too, sometimes gets the attention of shorts. imo, bottom line is the industry sucks and as such you shouldn't get to worried over an increase in shorts. further, most shorts are "pros" and as such understand the risk/reward.
btw, your opportunity statement is right on. thanks again for your thoughts.
as for an index "biting you in the azz", i just flipped 28% 3 hours in the mar 25 qqq options, it goes both ways fast vis options my friend.
good trading to ya.