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

To: Ibexx who wrote (105489)	9/24/2001 5:31:11 PM
From: marginmike	Read Replies (2) \| Respond to of 152472

I would take that as a negative? that this wasnt real buying?

To: Ibexx who wrote (105489)	9/24/2001 6:18:48 PM
From: Pierre	Read Replies (1) \| Respond to of 152472

Ibexx: I wish I had a better feel for the relation of volume to price movement. I think I have a grasp of the general rules, but the nuances of "short covering" and the relating of individual stock volume to over all volume is beyond me. I assume your point is that lower volume on QCOM while overall volume steady is not necessarily a negative for Q* share price if one considers relative short positions over all vs. Q* short positions. I don't know enough to agree or disagree. I remain blissfully ignorant, and very confused. <g> Pierre

To: Ibexx who wrote (105489)	9/24/2001 11:49:26 PM
From: chojiro	Read Replies (1) \| Respond to of 152472

I respectfully disagree. A good portion of NAZ's volume was due to short covering It's my opinion that very little of the volume was due to short covering. Shorts are not in panic mode yet. it is going to take a heck of a lot more than today's movement to creste short covering rallies. Most of the volume and price movement on the NASD happened early in the morning and was sustaineed on mininal volume through out the day. I'm still suspect of today's rally(on all major indexes). But rather I attribute it to the events that transpired with regards to this "holy war" declared on US!. If there is follow through for another few days, than indeed we will see a short covering rally that could (artifically) prop up the markets. At that point, it's anyone's guess whether it becomes a feeding frenzy or another grweat selling opt.