724.com
I can't let the IPO of 724 Solutions slide by unremarked. Encrypted Q is on the way. People are a little excited by SnapTrack. Well, 724 Solutions with SnapTrack and Qualcomm ASICs is hugely enabling technology.
Mqurice
PS: I'm not really back JohnG. <Missed the fireworks, but good to have you back. It's hard for me to imagine how you managed to get kicked out while Mr. Angry didn't. Somebody must have really found your hot button.>
In cyberspace, one never really leaves. Cyberspace is sort of like consciousness - the reality and presence is created by the consciousness in the Web. In boring old 3D the presence and reality is determined by a visit to a 3D point, not so much by consciousness, though being asleep in a meeting is not really being 'present' I suppose.
So, I'm just catching up with the streams of consciousness in SI while wondering what I might do. I've just popped a couple of posts in too.
SI found my hot button with their traditional 'punish the innocent' ignorant approach, but I didn't write any 'bad' posts compared with what you read every day, still! I read somewhere about somebody who said they joined what was a friendly nice club and after a while all the good people had left. The person called it de-evolution and they were puzzled by the process. I have a theory on why that might have happened. The same process is at work here.
It will NOT be good for SI profits.
I decided to 'clean up the stream' by hopping in and challenging the polluters. Unfortunately, SI dragged me out, leaving the pollutants in.
There is plenty of room in cyberspace. I'm sure I'll find a happy home. I've lived here [in SI] for 4 years now. The roof's leaking and the neighbours are not the congenial old crowd. It might be time to move to a nicer neighbourhood. Pack my rubbish in the boot, check all's well under the bonnet, and head off beyond the black stump.
I suppose I might have to buy some Q stock from over-margined Moonies before I leave. Now THAT would be Poetic justice. If people think the drop so far is bad, they haven't been around long. The Dow is still way over 10,000! Over the weekend, there are going to be a lot of shell-shocked people facing margin calls.
Qualcomm is around 50% or even 60% equity margin requirement at many brokers. Since there were LOTS of sales over $180, many of those will have been on margin. At $110, given the general market malaise, there will be LOTS of margin calls awaiting people coming home from work [some of whom, or who, will in the past couple of weeks have told the boss they are quitting].
Zero-sum games are unpleasant for the losers.
Once upon a time, Qualcomm dropped from $42 to $30 in about an hour or so. That was April 1996. If we reverse-split-adjust that, and add a zero, it's the same as from $160 to $120, which we've had already. Yes, Qualcomm has had a bit of a drop. But it dropped over a greater period of time from $86 [in 1993 before all splits] to $36, which was a big drop too. That would be like from $160 to $70 or so. Anyone ready for $70? Now THAT would be a LOT of fun.
In a big market drop, that can happen easily enough. |
