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What to do, What to do! My QCOM shares show a 50% loss this year and are sitting waiting for the earnings report. Probably won't move that much even if they beat the street. Then there is CHP sitting at $50, post split, with a new P/E of 18 and a great upward trend on the chart!! Aren't stocks supposed to drop and lay after they split? Decisions, decisions. Helpppppppp!
QCOM see in April on the chart where it starts to go down in heavier volume. This was a HUGE sell signal. Institutions were selling. Nothing to hold it up. Distribution days were many. I always put stops at 8% from my buy. Lots of great stocks went up during this bear market. Learn to read charts. pick up some IBD for technical info. Hmmmm tough decision but its also a great learning opp. Good luck
Does anyone know any fundamental reasons why CHP dropped from 61.38 (7/5) to 45.06 (7.18) or why it is, as of 11:00, at a day low of 45 1/2 retesting that low? All the news I can find is good including Value Line's 4.21 statement. Fortunately, the 45ish lows are above the 50 day moving average and near the important 6.12.00 high of 45.13.
Thanks for your response. My Telechart 2000 charting program does show a 6.19.00 split so I believe I am taking it into account. The day low, as of 11.30, of 43 3/8 does violate some support. Are there any fundamental reasons for this drop that anyone knows?
I haven't bought in yet and am happy its dropping. Great company and earnings growth ahead. It just split ,had a pre earnings runnup and now profits are being taken. The lower it goes the more points to be made on the way up on the next rise. Hard to figure when the bottom will be hit though.