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

To: waverider who wrote (90026)	12/12/2000 5:38:56 PM
From: sam	Read Replies (1) \| Respond to of 152472

"But explain to me if the money flow was so encouraging yesterday what was it predicting?" Much, much too early to tell imo. Predicting tomorrow's stock price solely by way of today's institutional trading is ridiculous imo. Personally, I try to compare a series of days to see if I can see a pattern developing. Obviously, one day does not make a pattern. "Several here continued to post all these encouraging block trades on the uptick...all the way back at $150 DOWN...I mean what the hell?" For the record, I can't comment on what others have posted. But I can tell u what I see...and be advised -- it may be totally wrong. That said, today I saw money flow as marginally negative...suggesting to me we are retrenching a bit here (as if u didn't already know that). I don't see -- so far -- a major sell-off ensuing, but obviously things can change fast. But as a long term investor I am not too concerned. That would change if QCOM broke the convergence of the 50/100/200 day moving averages at about 80. "Are institution dollars marked somehow and register differently to come up with the mf indicator?" Yes. Institutional trades are often blocks. From 10,000 shares to multi-million share blocks. They are routinely 'arranged' through brokerage houses -- thus they are indeed 'marked' differently from our 1000 share trades. They are arranged that way so the houses can find shares and not disturb the market. As u may imagine, houses don't like to be caught with their pants down. And blocks are not just a few random trades. They are often a major part of a stock's daily volume. For example, today there were over 150 blocks traded in QCOM. Our 1000 share trades are like flies on an elephant compared to some of the blocks that passed. Accordingly, those monitoring money flow care not a whit about our trades. "Either these folks who buy blocks are very stupid or they love to lose money..." In my experience, they are often just as 'stupid' as u and I. Remember Long Term Capital? Even Nobel Prize winners can be beaten by a tough market....