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

To: JohnG who wrote (107019)10/15/2001 3:24:33 PM
From: Jordan Levitt  Read Replies (2) | Respond to of 152472
 
Hi JohnG,

What do you mean by trapped hedge funds? It seems from your chart that there are more Block sells than buys. If hedge funds were trapped, they would be buying to cover shorts, wouldn't they ?

Could you clarify what you mean ?

Thanks



To: JohnG who wrote (107019)10/15/2001 3:31:53 PM
From: surfbaron  Read Replies (1) | Respond to of 152472
 
JohnG: Not sure how to translate the Thompson charts, but it appears that a lot of selling pressure is at the 49-51 level. Yet the stock floats around 51. This would suggest a lot of strength or demand. BWTFDIK


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