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

To: Voltaire who wrote (45840)	10/24/1999 7:05:00 PM
From: lurqer	Read Replies (1) \| Respond to of 152472

There are truths which are not for all men Voltair, 1761 Although I have only recently joined SI, I have lurked off and on SI (and in particular this board) for three years. As an experienced lurker I know that the first thing many readers want to know about a "new" poster is what is this individuals position in the stock. I'm long Q stock (got in much to early in the spring of '97) with a couple of Qickers. I have read your posts regarding your 3M (Market Manipulation Model) perspective with a feeling of d‚j… vu. For a number of years I was a cold warrior but with the end of the cold war my employment was terminated. Although my natural market proclivities are very long term, with my newly found "free time", I decided to realize a lifelong dream and try my hand at shorter term market profits. I choose INTC (a stock in which I already had a long term position) since I believed I understood both the product and the company and I began making trades. Needless to say, most of my trades were losses. The stock's short term price was very poorly correlated with any company specific information. I persevered and eventually arrived at a "working hypothesis" that I summed up as my Cabal Corollary . The hypothesis was that a cabal led by Merrill and including other WS firms (along with certain sycophant media types) were controlling the short term price of the stock. When Merrill wanted the stock to go in a particular direction, a stylized Kabuki drama would begin. As part of this drama, an unholy choir of analysts and various spokespeople would begin to sing. A featured lead singer in this Cabal Choir was Tom Kurlak. Whenever the stock moved (even on legitimate news) in a direction contrary to Merrill's desires, one could expect an aria from Tom. To make short term money with INTC, knowledge of the company was useful but secondary. Rather one needed to divine the cabal's agenda and go along for the ride. Every one knows the axiom from Marty Zweig: Don't fight the Fed. So I formulated my Cabal Corollary . Never Challenge the Cabal. Following this dictum, I prospered. I have not followed Q as assiduously, as I did INTC. Both as a company and as a stock, Intel was much more mature than Q. Thus I can believe that the situation with Q may still be fluid. Hence my question: Which houses are now the principal players in Q? lurking near the porch. lurqer