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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 161.57-1.8%2:49 PM EST

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To: limtex who wrote (113372)2/15/2002 12:26:10 PM
From: Art Bechhoefer  Read Replies (2) of 152472
 
Just a hunch, but February options expire today. There are quite a few outstanding 35s and 40s written during the past week. Are the option writers shorting the stock to make the options worthless or near worthless? It's quite likely. There is no real news that would justify the price action, notwithstanding reports of slower than expected wireless equipment shipments.

Art
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