14:05; 4Bullz/5Bearz, A/D -110K, The bad news: Avg Peak-to-Base down cycle is 22.55%, lasting 28 days. QCOR is down by 11.97% from its peak of 72.34 and QCOR is 13 day(s) into its 28 day average peak-to-base cycle. QCOR has 10.58% ($6.74) left in its average downward move.
The good news: Avg Base-to-Peak up cycle is 97.52%, lasting 12 days.
Ok so what I did was pick up an additonal 500 shares over the last couple weeks with an avg cost of 65.6. just sold 5 of the Sept 66.5 for $1. if they ae called away next Sat I make ~$1000 if not, then my avg cost is $64.6. Not helpful if we do move lower from here but better than a poke in he eye with a blunt stick. I'm ok with selling some in Jan as my tax basis would e much lower cuz most all of 3.5K shares would be LTCG...
Jan 75 bid at 7.5. would have me out at 82.5 ifcalled or lower my cost basis for those shares by $7.5 which would put me under $20 for my core....what to do, hmmm.
Emphasis on the word "average" in both cases as to time and movement. Oh that it were that easy to predict!
Don't fret the short run. This thing has VALUE and GROWTH written all over it.
Sentiment: Strong Buy