Trade Review 1: QCOM

Ho ho ho it's November already! Earnings season is coming to an end but there are a plenty of companies who have yet to "walk the runway". My plan for this earnings season is simple - make small trades that win off of the good earnings results. This has worked pretty well throughout October (thank you tech and pharma companies )

My first buy is $Qualcomm (QCOM.US)$ and it was something that I have always been eyeing. Reasons:

1) Granted that the semiconductor industry has a weak forecast due to the SUPPLY (not demand, they're backlogged by demand) shocks, they do still have a favourable outlook for the next couple of years.
2) Barring anomalies such as $Intel (INTC.US)$ , most semiconductor companies have done well this earnings season so there is a quick buck to be made here.