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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 177.78-2.2%3:59 PM EST

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To: waverider who wrote (83363)10/12/2000 5:19:37 PM
From: CAtechTrader  Read Replies (2) of 152472
 
TELECOM Indexes managed for pension funds..FIDO does manage lots of non-public money in "private" funds, not open to the public and yes they do have this size. Its not just Fido, there is another leveraged fund in there too, a Hedge Fund with a very leveraged Telecom Index, the margin clerk rules right now, even Crammer on thestreet.com (who I have no love lost for) says there is indiscimination index selling going on, but when a fund gets hit with redemptions it must sell...period.....I deal with institutional trading desks all day, orders of these sizes from concentrated sellers are no secret on those desks, you think those guys don't talk????
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