In edit, and now took $.33 from BRCM out here at $12.84, happy to be able to bail from QCOM at a minimal additional loss here at $34.33 stepping aside to see stabilization of that one. Lost more than a buck on that one today.
wahz, expansion of new highs is one of many tell tale signs, I have not found a single indicator that is reliable, and even a regression equation using a plurality of indicators also fails quite often. Just reentered BSTE here at $40.50 paying a premium, but still more than a bucker under the yearly high printed earlier today. By the way, volume and new high indicators are double edged sword, new high and volume peak at actual local highs, it is the trend toward such a peak that is important not the reaching of that peak (see the January 6th even for a good example). The bu$$ just broke through $14.15, got in at $4.16, hoping that break continues...
Zeev
