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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (6935)	10/15/2002 1:37:29 PM
From: Techplayer	Read Replies (1) \| Respond to of 57110

3. QUALCOMM (Nasdaq: QCOM) saw open interest at its November 30 put jump from 4,222 to 7,447 contracts overnight. A block of 2,000 contracts changed hands at a price of 1.40, which was between the bid and ask. In addition, a block of 1,000 contracts transacted at a price of 1.60, which was between the bid and ask prices. Pessimism has been growing as QCOM's Schaeffer's put/call open interest ratio checks in at 0.60. This reading is higher than 67.2 percent of those taken over the past 52 weeks. Furthermore, the number QCOM shares sold short increased by 19 percent over the most recent reporting period to 30.6 million. The stock has been steadily climbing higher over the past several days and has succeeded in breaking through former resistance at the 31 level. Click the following link to see the Daily Chart of QCOM since May 2002: schaeffersresearch.com .