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


To: waverider who wrote (40920)9/14/1999 11:20:00 AM
From: Ibexx  Respond to of 152472
 
An simplistic example (which I didn't elaborate in my previous post):

If MMs kept the stock price between 160 - 165, all the out-of-the money calls beyond this price level would be dead, plus the puts with strikes below 160. Depending upon how the options unwind, they may decide to go up one notch or below, oscillating back and forth until the the maximum amount (in terms of dollar value) expires worthless.

For stocks like Q* which doesn't have a huge float, as compared with CSCO, it's relatively easy to manipulate the share price. Just relatively, I say.

Ibexx



To: waverider who wrote (40920)9/14/1999 11:25:00 AM
From: Ruffian  Respond to of 152472
 
Now the VLSI announcement

makes perfect sense. That licensing agreement will not be renewed.

There was speculation Q wanted to re-negotiate.

The puzzle is looking clearer, :)

Mp