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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 171.66-3.4%12:28 PM EST

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To: Jim Willie CB who wrote (56353)12/23/1999 12:19:00 PM
From: Ruffian  Read Replies (1) of 152472
 
Market Maker Update
by: Flooor_Trader
12/23/99 11:41 am
Msg: 74918 of 74943
The game of "chicken" goes on. No MM has yet to step to the plate. Believe me you will know when they do. The attitude is
"yes I am nervous but if I buy in these conditions now I will seriously run up the price on myself". Before next week is done
that attitude will change to "just get it, get me covered, take the hit". Its coming, All these QCOM MM's calling each other
saying "oh hey, you guys showing any paper on the sell side." Someone is going to yell fire in this theater and if liquidity doesn't
show, 600 or 700 could happen. I'm serious, the one thought I keep hearing about this situation is "remeber what happened to
the NYSE specialist in AOL last year?" (Not to mention a few 3rd market makers)
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