Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 171.54

+0.4%

Nov 10 3:59 PM EST

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To: DWB who wrote (27972)	4/21/1999 9:12:00 PM
From: Jon Koplik	Read Replies (1) of 152472

Re : Can anyone tell me what they mean by "a trading buy"? I have a suspicion that those specific words are chosen in case the following happens : Brokerage firm A says stock XYZ (currently $75 a share) is a "trading buy." Stock XYZ trades higher than $75 for at least one second. Stock XYZ later plunges. "Crybaby" followers of firm A's advice are told : "Look, we never recommended that you hang on to XYZ stock; we only implied that you could at least get a few bucks out of it, if you were a nimble trader." Since the long term trend in stocks is up, a brokerage firm does not risk too much by declaring things "trading buys." Jon.

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