Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 178.29

-1.6%

Dec 12 9:30 AM EST

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To: Jim Willie CB who wrote (57271)	12/28/1999 7:24:00 PM
From: Ruffian	Read Replies (4) of 152472

FYI by: Flooor_Trader 12/28/1999 7:00 pm EST Msg: 76883 of 76900 The MM's have still failed to cover much of the short QCOM they need. Today's late sell off and rebound was completely manufactured for the MM's benefit. Once again when volume slowed the MM's sold several 10's of thousands of shares at a higher price, pulled their bids and then bought several 100 thousand shares at lower prices for an overall net gain of shares at lower prices. The situation for the MM's looks dire to me and a few old hands here at the Pac Exch. The gun appears to be loaded for a huge run and in the next 2 days one by one the short MM's will pull the trigger. Today was basically a non event with the MM's tipping their hand late in the day. These guys are not sleeping well tonight.

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