Opportune Selloffs

Some weeks start out strong while other weeks start more as "weaks" than weeks. Although this week will slow up in a hurry, I can't say I love the start with Qualcomm (QCOM) taking a hit on a Chinese regulatory authority looking into the violation of an anti-monopoly law and Celldex (CLDX) hit by a sell-the-news reaction. I view both selloffs as opportune.

First, on QCOM, it is funny how most on Wall Street scoff at the financial requirements of Chinese companies. It seems that several times a year we either see a Chinese company completely exposed as a sham or one called out by certain bloggers/analysts. Often this comes after a huge move in the stock. Sometimes, these names are even defended by big brokerage houses before finally be confirmed as a shell. Yet now we see QCOM selling off because a Chinese regulatory authority is launching an investigation. It all seems comical to me....235 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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