Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 170.90

-1.3%

Nov 7 3:59 PM EST

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To: Voltaire who wrote (48149)	11/5/1999 10:21:00 PM
From: REM55	Read Replies (1) of 152472

Dear Voltaire: I am primarily a lurker but have followed the Board since my investment in QCOM last December. Your calls have been extraordinary and have been given with an unselfishness that deserves recognition. My complements to you for your willingness to share your views. I thought this partial e.mail from Thomson-I-Watch might get a knowing response from you. Regards, REM55 Subj: Thomson I-Watch Date: 11/5/99 9:39:20 AM Pacific Standard Time From: i-watch@thomson.reply.net (Thomson Investors Network) Reply-to: reply@thomson.reply.net To: mailer@thomson.reply.net I-Watch Recap --------------------------------------------------------------------- QCOM -- Comm Equipment -- Technology 05-Nov-99 12:19:29 Question: How can it be that Qualcomm is up 11% on volume of 6.1 million shares and I-Watch is not showing a single Super Message and only a sprinkling of Interest Messages? What kind of product are these I-Watch people running anyway? Answer: Here's the thing and it's at the heart of the very reason that I-Watch is so valuable to individual investors - we have no control over the data in I-Watch. What you see on I-Watch is a direct representation of what is being advertised on the Street by the Big Money Brokers. So if there is no data, this means that no one is advertising to move blocks - the lack of information can be just as valuable as a chart filled with super bid/offers. When you think about it, limited action on I-Watch is consistent with the way Qualcomm's moving today. If you're an institution, how do you price a bid/offer on a block of stock when in 5 minutes the stock's price can be 5 to 10 points higher/lower. Over 92% of today's volume stems from non-block trading - that means speculative investors, both professional and retail, are running the show today. Portfolio managers have no desire to compete on pricing with day traders. Consistent with this, the portion of the post-trade volume attributable to retail brokers is unusually high. Take a look at Qualcomm's recent price data - the firm has surged 31% this week and over 1000% year-to-date. This type of unprecedented growth pretty much paralyzes every type of investor but those looking to play the stock in the short-term. Knowing the "who" behind Qualcomm's surge is an extremely valuable piece of data that can help you gain a better picture of why the stock is moving like it is and what you should expect in the near-term. It's amazing what you can garner from "no" data on I-Watch.

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