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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?


To: Morgan Drake who wrote (33258)6/25/1999 8:17:00 PM
From: marginmike  Read Replies (1) | Respond to of 152472
 
I know of a fund that almost went out of Business because the shorted the Q!



To: Morgan Drake who wrote (33258)6/25/1999 8:21:00 PM
From: limtex  Read Replies (2) | Respond to of 152472
 
MD -

If someone bought some puts to lock in a profit would that be counted in the short stock?

If it is hedge funds though trying to actually short the stock well.....oh dear.

Best regards,

L



To: Morgan Drake who wrote (33258)6/25/1999 8:30:00 PM
From: limtex  Respond to of 152472
 
MD and thread v-

So when you ask why did H&Q publish a negative piece, right before the June quarter end, just as the stock was rallying to new highs---maybe this will make more sense when you consider the amount of pressure that such hedge funds can exert on an analyst or two. The boys are desperate to stop the stock's ascent---or to at least slow it down. Each uptick is tantamount to blood draining from their veins---the trouble is---they ignorantly and foolishly bet against the wrong horse

Just remembered the newspaper articles about the Korean numbers a month or so ago. I wonder if that had any bearing on this?

Best regards,

L



To: Morgan Drake who wrote (33258)6/25/1999 9:34:00 PM
From: T L Comiskey  Respond to of 152472
 
Morgan....Great post...a back room view of the action...thx for hunting it up...Tim