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Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?


To: Rich1 who wrote (7206)11/15/2000 4:52:20 AM
From: Labrador  Read Replies (1) | Respond to of 10876
 
QCOM -- Still waiting for that $100 January target. I'm not sure that I'll get there.
Message 13889768



To: Rich1 who wrote (7206)11/15/2000 7:18:51 AM
From: Poet  Read Replies (2) | Respond to of 10876
 
From last night's Option Investor newsletter:

"The +171 gain on the Nasdaq today was the tenth largest gain in
history but given the -620 point drop you would have expected a
giant gain as well. It is the first positive day for the Nasdaq
since the election which is one week old today. It seems like
months since we sat and watched the returns and tried to guess
the results. We are still guessing and billions of words have
been spent and billions of dollars have been lost in the market
waiting for the outcome and we are really no closer. With the
outcome in question until after this weekend the odds of any
more huge gains may be slim. Volume was anemic on the Nasdaq
with only 1.7 billion shares. No conviction there. The NYSE
did better with over 1.1 billion. Advance declines finished
positive around 2:1 but the light Nasdaq volume bothers me.
Until we see 2.2-2.4 billion shares we will not know if it is
for real."