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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 175.07+2.6%Dec 3 3:59 PM EST
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To: S100 who wrote (84650)10/24/2000 11:45:14 PM
From: Ibexx  Read Replies (1) of 152472
 
Re. "..John Roth, Nortel chief executive, shrugged off the after-hours sell-off. "This is trading in pretty thin volumes. Let's see what happens tomorrow (Wednesday)."

This is generally true. However, Instinet trading of NT was exceedingly heavy today, totalling more than 6 million shares. I wouldn't call it "thin" exactly.

I was wondering where were those shares coming from myself. One possibility is the MMs traded among themselves (to some extent), creating volume as well as a downward spiral. They have been known to do that.

Ibexx
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