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Non-Tech : The Critical Investing Workshop
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To: shamsaee who wrote (19933)5/24/2000 7:58:00 AM
From: Jill  Read Replies (1) of 35685
 
I think qcom recent drumming is the result of margin players having to sell consistently to cover margin calls.A lot of weak hands and speculators in the stock

There were margin calls around taxtime and the week following. I haven't heard of any since then. They flushed out most of the margin calls APril 22--as you recall--Fidelity called every customer Sunday April 21 who had a margin call over 75K and required it to be satisfied by 2 p.m., but also said they had the right to liquidate an account if market conditions warranted. At 2 p.m. they went in and started buying.

I don't think margin calls are responsible for QCOMs drop. Its lack of buyers.
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