Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 151.59

-0.4%

Jan 30 9:30 AM EST

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To: JohnG who wrote (32980)	6/23/1999 1:47:00 PM
From: Jim Willie CB	Read Replies (2) of 152472

<<some brokers like Schwab curently have a strict 50% margin requirement on QCOM. This probably will disappear if Q's earnings improve and their P/E drops.>> much to my disapptmt, Schwabbie put QCOM on the hitlist at 50%... had a long conversation with young manager about it, and Broadcom... he called the Risk Dept and got back to me... he said it is not so much the high PEratio, but volatility... in April and May, some huge swings... he also said that "once a stock is listed, it almost never gets unlisted" ... I couldnt believe it... they review margin hitlist every quarter their concern is for a decline to drive an account below zero, where they dont get their margined borrowed money back intact... a younger more naive guy said "in May you should have felt lucky QCOM didnt go from 117 down to 20"... of course I told him how incredibly naive a comment that was, and asked if he knew anything at all about what he was talking about big earnings are likely to bring huge gains, then large pullbacks... not the stuff that leads to more quiescent trading... gonna be on margin hitlist for some time, IMO / jim willie

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