Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 178.29

-1.6%

Dec 12 9:30 AM EST

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To: Jim Willie CB who wrote (53397)	12/10/1999 10:43:00 AM
From: Boplicity	Read Replies (2) of 152472

From Beefing.com << The Nasdaq slide continues as broad-based profit taking has the tech-heavy average more than 60 points off its highs for the session... Impetus for the pullback was a report that the NYSE and Nasdaq are seeking SEC approval to raise margin requirements for daytraders while also requesting that daytrader accounts hold a minimum of $25,000 equity, up dramatically from the current $2,000 minimum... News just sucked the wind out of many of the momentum-driven high-flyers... From an industry standpoint, chip, chip equipment, and software issues have paced the tech pullback. >> I would have to say that this is one of the silliest reason I have seen in a long time for a sell off. How many chump change daytraders are there that are there below $25k that would warrant the selling we are seeing? A poor excuse, and last of the great buying opportunities in QCOM, for that matter, any stock that you want to buy. Greg

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