Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 168.09

+1.8%

Nov 28 9:30 AM EST

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To: Maurice Winn who wrote (30621)	5/23/1999 10:44:00 AM
From: Jon Koplik	Read Replies (2) of 152472

Thoughts on worries of stock mkt looking "heavy" right now. And also, regarding the following comments (by Maurice) : Don't forget, Dow 8099 in about 3 weeks! Abandon ship if you don't like rough weather. Those who enjoy a fun ride, hang on! We'll be back up to 10300 after Y2K is a fizzer, then off to 16,000 Feb 2002. Double your money back guarantee on those figures. Not that I totally believe in this kind of stuff (the following info. -- NOT Maurice's stuff) ... but, I just wanted to get this "in print" now : A stock market "prognosticator" (on CNBC) who I think at least deserves to have the TV "mute button" turned to the "listen" mode (Ralph Bloch (sp. ?) of Raymond James Associates) said the following about a week ago -- the "put / call" ratio is absolutely "off the charts" (his exact words) recently, with the option purchasing segment of wild and crazy speculating kind of people buying puts like there is no tomorrow. Mr. Bloch specifically said that he does not always make a point of paying attention to the put / call ratio, but because the level was so extreme this time, he has to. IF this thing works ... we should have an unbelievable rally very soon, just to (once again) teach some people that it is not so easy to extract money from financial markets. We shall see. Jon.

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