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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 163.32+2.3%Nov 21 9:30 AM EST

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To: Ibexx who wrote (101684)7/13/2001 7:34:00 PM
From: Jon Koplik  Read Replies (2) of 152472
 
Re : "pinheads" figuring out QCOM does not = NOK (as evidenced by the share prices of QCOM and NOK actually not moving in tandem (at least for the past few days)) --

I heard that part of the reason that Argentina "crashed and burned" (securities prices, anyway) ... while U.S. stocks and bonds did pretty well ... lately, was :

(As usual) (como siempre) -- lots of hedge funds were in the wrong way in both markets, and were un-winding losing positions at a rapid pace (muy rapido !).

Whenever I see things like the QCOM / NOK spread doing what we all think is "correct," I worry that it is just some douchebag hedge fund briefly "lightening up" on their continuous and massive selling of QCOM, and buying of all of those "great" companies like Nokia, AT&T Wireless, IDC, Metricom, etc.

Jon.
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