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

To: DiB who wrote (56956)	12/27/1999 4:22:00 PM
From: MileHigh	Respond to of 152472

OK, I'll be skeptical, there has got to be news for such a massive move so quickly? But I guess JDSU and NT made similar moves at the same time, must have been buy programs... MileHigh

To: DiB who wrote (56956)	12/27/1999 7:51:00 PM
From: ahhaha	Read Replies (2) \| Respond to of 152472

The buy was an institutionally arranged purchase and the other side was artificially created by a team of market makers who shorted the shares to the buyer. Almost immediately the shares traded down to 388 where the market makers closed their short position. 688,300 shares bought at 398 and given the last two weeks run, this trade has to be the greatest single lot capital paper gain of all time. I couldn't have bought 10K shares and felt comfortable. Whoever bought it is supremely confident in this company's prospects.