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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 163.32+2.3%Nov 21 9:30 AM EST

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To: Gabriel008 who wrote (44499)10/13/1999 3:17:00 PM
From: RoseCampion  Read Replies (3) of 152472
 
It was interesting that the market would take the stock down to a level that minimized the payout by the market makers at expiration. It's also worth noting that based on October's open interest on both puts and calls Qcom's maxpain level is somewhere between $200 and $210 - exactly where the mm's brought it down to this morning.

Last weekend, interestingly enough, I worked up a spreadsheet analysis of Q's price action during the last six month's worth of options expirations weeks, and made a price 'prediction' based solely on the behaviour I saw in the historical data. I shared these with a few people here via PM (not publicly, because the assumptions in it were so simplistic as to be laughable). The final number I came up with was a Friday close this week at...204 7/8.

I hope that's completely wrong and that Voltaire and others are right once again, but I do have to say it looks quite a bit less implausible now than it did on Monday night.

-Rose-
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