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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 165.13

+1.1%

Nov 26 3:59 PM EST

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To: DanZ who wrote (15366)	9/23/1998 9:32:00 AM
From: Jon Koplik	Read Replies (3) of 152472

To all - since I think I may have been the first one (on this "thread") to utter the line "more buyers than sellers," a few thoughts ... There are certain concepts in economics (and finance theory) where I have found that the idea is (to me, anyway) instantaneously intuitively obvious, YET -- when someone who does not "get it" asks me to explain the thing, I find myself really fumbling for a clear explanation. It seems "more buyers than sellers" is in this category. I am not going to attempt to produce a "Bill Clinton legal team" type answer; but -- an example. If Hurricane Georges hits here (or anywhere), the price of lumber will go up. Why? More buyers than sellers. Yes, for every buyer there is indeed a seller, but, just ... quit thinking like Bill Clinton, and realize there are more buyers than sellers. Any clearer? Maybe not. Jon.

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