Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 165.07

-1.0%

3:59 PM EST

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To: Sig who wrote (38383)	8/20/1999 4:38:00 PM
From: t2	Read Replies (1) of 152472

Wow! What a move up. I wonder how much short covering contributed to the big gains. Even when the Nasdaq was up only about 5, Q had gains of about $7. The internet stocks retreated along with the Nasdaq during the day but not Q. I saw it a huge options opportunity. Made 400% on an call option daytrade. I was betting on momentum from the short covering and an expected rally in the Nasdaq--not to mention mutual fund buying. When you get so much good press, the fund managers will get influenced and buy any chance they get, contributing to the run-up. I bought more shares to make it my new number one stock holding. I am really starting to love this stock! Better late than never.

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