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

To: Douglas W. DeVries who wrote (59971)	1/6/2000 12:04:00 AM
From: Ruffian	Read Replies (4) \| Respond to of 152472

CBS/MW: Who's behind the tech selloff? by: GospElvis (F/TN) 1/5/2000 11:34 pm EST Msg: 91699 of 91723 cbs.marketwatch.com /http2_mw NEW YORK (CBS.MW) -- Who was behind the sell-off in technology stocks this week? Not individual investors, argues Ameritrade. The online brokerage has started tracking the way its customers are investing and posting the daily action on the Web. The freshest data, at ameritradeindex.com, shows that a big majority of customers, 76.5 percent, were buyers on Tuesday, the day Nasdaq fell 5.6 percent. More Ameritrade customers were buyers on Tuesday than on Monday when 69 percent were buyers. And they're high-flying tech stock enthusiasts. The number one stock among the buyers was Qualcomm (QCOM: news, msgs), followed by America Online (AOL: news, msgs), Yahoo (YHOO: news, msgs) and JDS Uniphase (JDSU: news, msgs). (The top three stocks also happened to lead sell orders at Ameritrade, but by a much smaller percentage. Qualcomm buyers outnumbered sellers six to one.) (edit) Institutions, meanwhile, are likely acting more quickly to rebalance their portfolios to reflect concerns about the relationship between the level of bonds and the elevated level of stocks, he said. Profit taking was likely a big motive for both investor groups. "Both retail and institutions were very anxious to have certain stocks in portfolio (in December)," Collins said. "Some of these guys who bought in December can afford to sell a whole lot of Qualcomm and still have a huge profit."

To: Douglas W. DeVries who wrote (59971)	1/6/2000 9:03:00 AM
From: MileHigh	Read Replies (4) \| Respond to of 152472

But there is a big difference between owning an overpriced stock and buying one Is there? If you think it is going higher, then buy it. If you already own it and think it is going to keep going higher, keep it. If you don't like it, don't buy it. If you own it and don't like it, sell it.... There is no difference IMO. MileHigh

To: Douglas W. DeVries who wrote (59971)	1/6/2000 9:08:00 AM
From: MileHigh	Respond to of 152472

Also, Argus just came out with a $230 ($920 pre split) this AM. I wonder if they pick on him too!? <gg> Remember folks, BIG NUMBERS SCARE PEOPLE. Someone just increased INSP price target from 85'sh to 160 (a double, same as 500-1,000) yesterday. Also, Blodget even agreed with my theory in a recent interview, said that the hoopala over the QCOM call was the big number. Said stocks are routinely upgraded with prices from 30 to 60, or 40 to 80....He said the BIG NUMBER was what caught peoples attention.... Enough, everyone have a Great Day! MileHigh