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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 177.78-2.2%Jan 9 9:30 AM EST
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To: DiB who wrote (56956)12/27/1999 7:51:00 PM
From: ahhaha  Read Replies (2) of 152472
 
The buy was an institutionally arranged purchase and the other side was artificially created by a team of market makers who shorted the shares to the buyer. Almost immediately the shares traded down to 388 where the market makers closed their short position.

688,300 shares bought at 398 and given the last two weeks run, this trade has to be the greatest single lot capital paper gain of all time. I couldn't have bought 10K shares and felt comfortable. Whoever bought it is supremely confident in this company's prospects.
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