Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: JGoren who wrote (36188)	7/20/1999 3:21:00 PM
From: wlheatmoon	Read Replies (1) \| Respond to of 152472

i'd hate to burst any bubble here,,,but,,, how the heck do we know? my guess is about 140-160 range...but who the heck knows...and it can certainly kill the momentum....i do not ever think a secondary ever ever got offered above market price...but i'm not that old...-g-

To: JGoren who wrote (36188)	7/20/1999 3:21:00 PM
From: engineer	Respond to of 152472

Not to mention that in this market, the ONLY stock which is going crazy is QCOM and if you were bailing on INTC or MSFT or IBM, the best place to put it for a week or two would be QCOM. ALOT of price pressure.

To: JGoren who wrote (36188)	7/20/1999 4:34:00 PM
From: Uncle Frank	Read Replies (2) \| Respond to of 152472

>> The institutions would have to bid the price up more than that to get 4.6 million shares. Remember, to get that many shares, the funds would have to buy every share for two days at the average daily volume. JG, not to be picky, but <g> the estimated index fund buying requirement is 9.1M shares, and Q is offering up to 4.6M shares, so that would leave 4.5M shares to be purchased on the open market. That's 100K fewer shares of demand than you indicated. With Q's daily average volume at 4.317M shares, the open market demand will be slightly over 1 day's normal activity. BUT, Q has become a larger percentage of the S&P500 market cap in the last day, so the indexers' required number of shares may be larger <vbg>.