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

To: William Hunt who wrote (73852)	6/14/2000 4:40:00 PM
From: rosebud	Read Replies (3) \| Respond to of 152472

y'know i just love this management team. january was an incredibly stupid conference call,and now this. as if there isnt enough fud, why not add a little more to the pile. duh. thank god i got out. ill buy back in at some point in the future, but for now it seems as though were just going sideways, although in a wide range. my guess is that it'll a year b4 this company recovers and starts going back up.

To: William Hunt who wrote (73852)	6/14/2000 5:53:00 PM
From: Ibexx	Respond to of 152472

Hello Bill, As I mentioned before, "max pain" is by no means a fixed point of price. Rather, it changes with the changing dynamics of options unwinding as we approach the expiry. For practicality, it's safer to assume a area - sometimes a large area covering three notches. Sometimes it's quite easy to see the MMs at work: oscillating back and forth between the strike prices. You could almost hear it in the air: "now we get the 75 calls, next we kill the 80 puts...." so on and so forth. Same game as always, but major breakthrough in fundies could override the options effect. Cheers, Ibexx