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

To: Jim Willie CB who wrote (48713)	11/10/1999 8:32:00 AM
From: The Reaper	Respond to of 152472

JWCB- I view yesterday's intraday price action as a big positive. The big 10+ opening and then the quick filling of the gap says that MM's, who must sell and sell short by definition into gap up openings, are trying to cover their positions very quickly. They do not want to be short this stock for any length of time. Their initial short sales and subsequent covering took place all in about an hour yesterday AM. After the first hour Q! advanced in the face of a declining market. IMO the train is leaving the 200's forever, and quickly. I would however prefer to not have these gap openings. kirby