Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 168.09

+1.8%

Nov 28 9:30 AM EST

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To: TigerPaw who wrote (50400)	11/16/1999 3:29:00 PM
From: Zirdu	Read Replies (2) of 152472

<<I assume most short sellers started about $400 and the bulls have perhaps a couple hundred dollars in profits so each side is fighting fiercely,>> Relatively few shares were sold at or above 400. All we know for sure is that as of Oct 15 there were 14.3 million shares of QCOM shorted, and that these shorts must have sold short at or below about 225 or so. All these shorts are seriously underwater now. Whether or not there was serious shorting when QCOM was at or above 400 is unknowable, but I doubt it. Probably a lot more shorting going on right here today, than there was at 400 yesterday.

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