Nothing but kudos to Sheik for shorting QCOM in such a strong market and declaring it. Even though the results appear to be strong, there is some strange thing about QCOM that the stock doesn't move.
I think he has a strong point to believe that 68 area is the top for short term. This stock hasn't participated in the last 2 month's bull market at all and the technicals I see are very weak.
Let us see if Sheik will be vindicated tomorrow or next weeks.
Can you explain your rational? Being that they beat on EPS, Revenue and guidance I don't see why you would short this name? Not even on a technical level is this stock a sell. So fundamentally and technical buy, and you are shorting?
Sentiment: Strong Buy
really he is short at this before earningst. no one in right frame will short today unless he is looking for a pernny here or there. Look at amazon, ISRG , netflix or even IBM anyone shorted are all burned big time. I had ISRG and it went up like $55 or so. I sold at 569. I thouht it may go down since it went up big time. no it went up next day and day after . even today it is at 575 or so. let us see.