The New QUALCOMM - Coming Into Buy Range Message Board

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Technology Stocks : The New QUALCOMM - Coming Into Buy Range

QCOM 173.50

-1.8%

3:31 PM EST

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To: Art Bechhoefer who wrote (5819)	2/8/2010 6:35:55 PM
From: waitwatchwander	3 Recommendations Read Replies (2) of 9129

Lest we never forget from whence the hot air cometh ... A lot of times, when I was short at my hedge fund and I was positioned short, meaning I needed it down, I would create a level of activity beforehand that could drive the futures. It doesn’t take much money. Or if I were long and I would want to make things a little bit rosy, I would go in and take a bunch of stocks and make sure that they’re higher, maybe commit $5 million in capital to do it, and I could affect it. What you’re seeing now is maybe – it probably is a bigger market now – maybe you need $10 million capital and knock the stuff down. But it’s a fun game and it’s a lucrative game. You can move it up and then fade it. That often creates a very negative feel. So let’s say you take a longer-term view intraday and you say, “Listen, I’m gonna boost the futures, and then when the real sellers comes in, when the real market comes in they’re gonna knock it down and it’s gonna create a negative view.” That’s a strategy very worth doing when you’re evaluating on a day-to-day basis. I would encourage anyone who’s in a hedge fund to do it, because it’s legal. antisocialmedia.net The use of pools is as old as the hills.

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