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

To: ahhaha who wrote (53171)	12/8/1999 10:00:00 PM
From: Zirdu	Read Replies (1) \| Respond to of 152472

ahah, with regard to the $270 million trade in QCOM today, you first say "It is likely that this big block was a pension fund buy which needed an arrangement of participating MMs to supply." Then later you seem to say that it was a sign that "the big boys" were distributing shares to the gullible public. ("the big boys are using the public enthusiasm to distribute shares.") I don't get it. Which is it? Or who are "the big boys" that are distributing all these shares to the pension funds? I always thought the pension funds and the like were "the big boys."

To: ahhaha who wrote (53171)	12/8/1999 11:07:00 PM
From: Boplicity	Read Replies (1) \| Respond to of 152472

ahh, First thank you. re: The end of day 688,300 trade. It is likely that this big block was a pension fund buy which needed an arrangement of participating MMs to supply. <snip> Why this interpretation has significance is that price action has exhausted fundamental expectations and the illiquidity above is indicative of that attitude. In order to buy into your thinking, ones has to say that the 688,300 trade was dump money and way late to the party, if in fact it was one party doing the buying. Also, uses of the word of "exhausted" would seem to be misplaced we are talking about one trade near the end of the day that was dumb money if you buy into your take. I rather use that word "exhausted" when I see stock action that is high vol. and no price moment or in blow off. You can also look at it this way. Some player feels a $270 million bet is worth it, even in a market that is short term extended as the Naz. is. re: It suggests the stock has internally peaked, but often price will go to a nominal new high over coming months, but won't make any further substantial advance until a significant correction has taken place or an improvement in fundamentals occurs. The key phase above is "unexpected improvement in fundamentals" We have that coming, the handset div. sale. Throw in the split your getting significant support. Granted I am nowhere as enthusiastic as the bulk of the poster on the Q thread, but this is a short term concern. Until I see a change in the story, or market at large, I'm holding my QCOM shares. The key for me is the handset div. sale, more so then the split. The deal has to be good, and it has to happen soon, since royalties are going to be the name of the game for the next three quarters until we see some actual deployment of HDR out of Korea, not to mention all the other unknowns that will sure to come out of the fertile minds in San Diego. Greg

To: ahhaha who wrote (53171)	12/8/1999 11:11:00 PM
From: Dealer	Read Replies (2) \| Respond to of 152472

Is this the trade you are talking about and if not what time was your trade????? Surely no one objects to your posting the large trade. I certainly do not......what the heck...My question is could it not be a buy?????? Looking back over this since I posted I am correcting it to say: I think you transposed some of your figures there was not a trade of 398 just before the large trade. I'm glad I caught that before my 15 minutes for editing was up. Anyone else care to read the tea leaves here is the way the tape went. STARTS BEFORE TRADE Time 16:03 390 100 389 3/8 200 389 1/4 1900 389 5/8 200 389 1/4 300 389 5/8 100 389 1/8 100 389 1/4 137600 Time 16:03 389 5/8 200 389 1/4 1200 389 1/4 100 389 1/2 700 389 3/8 300 Time 16:04 389 3/4 400 389 1/8 100 389 1/4 100 389 1/4 600 389 1/4 1000 AFTER TRADE