Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.80

+0.3%

Dec 5 9:30 AM EST

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To: Uncle Frank who wrote (41856)	9/19/1999 3:17:00 PM
From: uel_Dave	Read Replies (3) of 152472

uf re: >>The good news is that the day traders can't afford to touch Q. uf, can you explain the above statement for me? A friend of mine day trades QCOM. The only thing that I can think of is they like to buy 100 or 1000 shares at a time and approx. $20k to $25k, therefore if the stock goes above $250, then they won't touch it? And why is it good news when the day traders don't touch it? Is it because of sell-off at the end of the day? The friend that I referred to actually said that he was going to hold on to QCOM for the long term. I guess the long term was only two days. He bought @$158 on Tuesday and sold on Thursday @$178. Then he went and bought a stock called Cabletron ?? for ~ $20 per share. He explained that his $20 stock had a better chance of going up by 5 or 10 % in a day to give him his $1 or $2 per 1000 shares. I have not talked to him since that time, but I will try to give him the manual to review. Appreciate your comments to help educate me more on the market and the good news that day traders can't afford to touch Q. Thanks, Dave

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