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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 165.13+1.1%3:59 PM EST

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To: Voltaire who wrote (50569)11/17/1999 10:37:00 AM
From: limtex  Read Replies (2) of 152472
 
Vol -

Relatively low volume and down ....hmmmmmm? buyer waitig for some newson the handset sale and the daily drop will cause people to pack up and sell so this could go on for weeks.

Also the long bond is up over 6.11% again on a day when by all accounts it should be lower. It is showing all the signs of a good run up to 6.30% and why?

Remember yestrday we said that AG wouldn't be happy as either way, rate rise or no rate rise the market was going to jump well I seem to recall that there are other tools available to him and that somehow he can engineer the long bond up by restrciting liquidity in a way that I can't even figure out. Anyway my guess is that someone is pulling those levers today and pulling them hard to send the Dow train into a sharp reverse.

Best regards,

L
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