Wednesday, November 5, 2008

QCOM & BRKS

Well, QCOM jerked me around a little and I'm pretty sure by looking at the candlesticks that it changed its support and resisitance since I got in about five days ago.

So, I opted to buy to cover QCOM at $35.74 with a $1.33 gain per share and a %3.72 return on investment. I was hoping to buy to cover around $32.00 but seeing as the support and resisitance range raised and narrowed, I decided it would be best to get out while I was ahead.

I short sold BRKS at $6.86.