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

To: Boplicity who wrote (57054)	12/27/1999 10:17:00 PM
From: Jenne	Read Replies (2) \| Respond to of 152472

Nothing Rational About This Market By James J. Cramer 12/27/99 7:44 PM ET Click here for the latest filings from James J. Cramer. Name your own closing price for Commerce One (CMRC:Nasdaq - news)! Name your own closing price for Yahoo! (YHOO:Nasdadq - news)! Name your own closing price for Qualcomm (QCOM:Nasdaq - news)! Maybe that's what is happening. Maybe portfolio managers are using priceline.com (PCLN:Nasdaq - news) to get stocks to close where they want to. Let's face it: Something is at work here, and it is not the occult of hand. We are seeing some one-day moves that are simply mind-blowing. Nothing works the way it used to. Stocks that split, like Commerce One, are supposed to go down on profit-taking. Stocks like Qualcomm, which break down on news, as it did after the sale of its handset division to Kyocera (KYO:NYSE ADR - news), aren't supposed to come back. Yahoo!, which sold off so badly in the morning after a vicious hit last Thursday, roared right back and finished strongly. We are baffled; everybody is baffled. We are scratching our heads. We are marveling that people attempt to discuss this market rationally. It has nothing to do with any market anybody has ever seen. It's as if the tulips turned out to be worth a fortune, and the buyers got the last laugh.