🚨 Alert #4312 Wed Sep-09 17:20:40

Timing is the dominant factor. The entry chased a move already underway (+1.31% from prev close, +0.43% in the prior 30 minutes), buying at 176.29 against a 174.09 prior close, so much of the immediate repricing was likely captured before the fill. Signal: during the holding window the bullish direction never confirmed — the stock topped out at +0.43% unrealized and dipped to -0.71%, so the data here shows chop, not a validated or invalidated thesis (whether the news repriced QCOM later is not settled by this window). Exit: the -0.60 USD result (-0.07%) landed near the middle of a tight ±0.5–0.7% range, meaning the exit gave up little because there was little available to capture; the problem was paying up at entry, not the exit.

Signal: Right — QCOM closed higher than entry, consistent with the partnership thesis. Timing: Partly chased — entry at 176.20 was already +1.21% above the 174.09 prev close, so a chunk of the news pop was absorbed before fill. Exit: This is the dominant factor — the trade captured +0.57% (+$5) against a best unrealized of +3.29% (~+$29 on this position), so the mechanical next-close exit gave back roughly five-sixths of the available gain, though it also sat through a -3.73% drawdown that the fixed hold happened to survive. The data doesn't show when the peak/trough occurred intraday, so whether an earlier exit was practically reachable isn't settled here.