Don’t you hate when you don’t take your own advice. As I have been prepairing to write this article, The Qualcomm Bounce has raised its head to me once again. The great thing about anything that bounces is that it’s going to do it again and again. So even though I’m kicking myself, it won’t be long before I can regain my composure.
Qualcomm is one of those stocks that is ready to break out of its trading range — you can see and smell it. Though the markets haven’t quite caught on to the upside potential, there are several ways to play Qualcomm’s continued bounce: short, long, or trade often (buy when it’s low, sell when it’s high). (more…)