Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.55

-0.1%

11:16 AM EST

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To: uel_Dave who wrote (41863)	9/19/1999 9:22:00 PM
From: Uncle Frank	Read Replies (2) of 152472

Most day traders operate with a bankroll of about $20K, Dave. They try to trade in small increments, picking up 1/8th of a point and selling, and then buying again, and again, and again. 1/8th on 100 shares doesn't pay their commissions, so they lean towards low priced stocks. Q is too expensive for their ploy. Your friend isn't a day trader if he held Q for a few days. He is a short term momentum player, which is a whole different animal. He probably tries to time earnings runs, splits, and news driven moves. It's funny that he sold Q on Thursday to find a stock that could move 5 to 10%. Q moved in that range on Friday <g.>. uf

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