Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 170.66

+1.5%

3:59 PM EST

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To: Jon Koplik who wrote (89811)	12/10/2000 9:02:40 PM
From: jmac	Read Replies (2) of 152472

OK Mr. Futures...First, The Fla. Sup Ct ruling was a once in a lifetime event. Aside from that, you can figure this out for yourself without being Mr. Futures. Take a look at the level of those futures-NASDAQ100 is @ 2902 @ up 95 for March 2001 contract. The close for the cash NASDAQ 100 on Friday with the NASDAQ close was 2895. Are you telling me there is just a 7 point natural premium of the March 01 futures to cash? I don't think so. What you are seeing is a reversal of those few minutes where the NASDAQ futures trades on Globex after the 4pm ET time close. Even with the 95 points of limit up we are seeing tonight, futures are still trading below fair value by more than 60-70 points.

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