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

To: freeus who wrote (55734)	12/22/1999 10:49:00 AM
From: TigerPaw	Read Replies (1) \| Respond to of 152472

ridiculous to me to short Q Ridiculous? yes. I know a few day traders and understand how they get into the trouble. On the average a stock at it's high has room to go down, especially if the holders have signifigant profit to protect. Q can trade $20-30 in a few minutes meaning the profit level is potentially high. (They almost never own the stock, they just borrow it as a vehicle for price movement). These traders are used to momentum, if a stock has been going up fast and slows even a bit it signals that momentum has changed. Where they get burned is when a stock is rising because of re-evaluation and not momentum, but they seldom take the time to figure out what the company does, they just watch the ticker. Adrenaline junkies - all of them. TP