Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 168.09

+1.8%

Nov 28 9:30 AM EST

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To: marginmike who wrote (37316)	7/28/1999 10:22:00 AM
From: JohnG	Read Replies (1) of 152472

MikeM. Looks to me like we are in a period where funds are rebalancing their portfolios and its no reflection on Q's investment value. Funds that have huge appreciation on Q are selling their winner and buying some other stocks (probably w/ less potential) to be prudent and "balance risk." Other funds see Q's potential and are adding it to their portfolios. This could go on for a while if funds owning disproportionate amounts of Q want to rebalance, but refuse to sell it at a low price. Qualcom's unexpectedly large offering sopped up much index fund demand leaving S&P speculators w/ much stock on their hands. JohnG

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