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

To: John Inine who wrote (53569)	12/11/1999 1:23:00 PM
From: TShirtPrinter	Read Replies (2) \| Respond to of 152472

Comments anyone ? Yesterday, Fri. Dec 10. the Q seemed to be down to about 390 forever. I was sure I could sell some Jan 350puts and all day long they stayed around 19/20 ish. With the stock down almost 7 or 8 pts no increase in value in the puts. Then about 2:15, with only 80 contracts or so all day, my screen goes to 350 contracts last price $23 1/4. I couldn't type fast enought to sell 10 @ $23 and in a minute the bid was back to $20. I never got executed but I can't help but think the MM in these options are looking for an increase in stock price. The picture is clear in my mind, the details are from memory. Disclaimer: long Q, almost off margin thanks to Uncle Frank, having fun picking up $ on puts thanks to Rose & Jill. Tony