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Monday, September 12, 2011

QCOM ripe, added to IBM

QCOM intra-day is ripe to move higher. Especially after the BRCM CEO interview on CNBC highlighting the shift towards tablets and the new growth trends.

I also added to IBM during the morning weakness.

There are some interesting market set ups here. Economically, I think price action is telling a more bullish story then most would like to acknowledge, but the uncertain threat of Europe leaves equity markets exposed to sudden massive (unhealthy) declines.

I will have a detailed post about this a bit later.

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