Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 176.53

+0.2%

9:47 AM EST

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To: qdog who wrote (6068)	12/9/1997 9:21:00 PM
From: JMD	Read Replies (1) of 152472

qdog, your post brought this thought to my addled brain: for the Oracle volume to hit 170MM, the funds had to be involved in a huge way. Ain't no other way to get to those numbers. Now, I've got no beef that they were in Oracle and got blind-sided by the earnings report--happens to one and all, and all the time. But why would paid professionals pull the trigger in a blood-bath? Isn't that what dumb amateurs are supposed to do? It bothers me because I have this nagging fear that the funds are run by 30 somethings who have not only never seen a bear market but think that 20% annually is just mediocre. (chuckster, note British spelling!) Anyway, this causes me to fret cause this was anything but a reaction by Cool Hand Lukes and if all these kids head for the door, well you can fill in the blanks. Therefore, as much as I know you're making religous deals and praying that your friends in Redmond get nailed, I don't think that would be beneficial to our economic health cuz if those guys tank it, 170MM shares is gonna look like a walk in the park. Sorry for bummer post. Regards, Mike Doyle

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