Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Andrew N. Cothran who wrote (121779)	7/19/2002 5:56:02 PM
From: gdichaz	Read Replies (4) \| Respond to of 152472

Andrew: Well the manipulators did succeed generally, and specifically in the case of Qualcomm. But only by one cent. The attack began like clockwork at 3:30 pm and was vicious and unrelenting. Do these folks enjoy there "work"? The "Hedge funds", Wall Street firms, and other "big boys" did succeed. Qualcomm finished at $29.99 so anyone who held options with a price for $30 was cut off at the knees. But then these folks do donate to charity (with much publicity) with a percentage (usually small) of their gains attained by destroying markets and currencies here and overseas, and contribute to political campaigns "for the people" so I guess they sleep at night - zero ethics/moral sense helps too probably. But I for one find this despicable. But that is the real world within which we must invest as best we can with our eyes wide open. Then do not innovate, they do not create. They are bloodsuckers. Just IMO of course. (Unemotional comment, no? <G>) Enough. But even in the face of the program trading and the overall campaign to get all stock prices down below strike prices, the best the "forces" could do was one cent below in Qualcomm's case. That might be considered a moral victory of sorts, and while it accomplished the purpose of wiping out the little guy, it was a sign that Qualcomm has strength. Best. Chaz