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

To: Maurice Winn who wrote (5028)	10/27/1997 6:12:00 PM
From: qdog	Read Replies (1) \| Respond to of 152472

Coffee cans in the rose bushes. My property is protected for those with metal detectors!!!! Meet my new friend, Mr. 9mm!!! Ah yes margin accounts, a repeat of 87 problems and something Greenspan has bitched about. Oh CNBC crew is having a slumber party in the studio tonite. All these negative waves Moriority!! Always with these negative waves!!!

To: Maurice Winn who wrote (5028)	10/27/1997 6:21:00 PM
From: IKM	Respond to of 152472

What happened today is that more were willing to sell at a given price than were willing to buy. That is why the market collapsed and that is what I meant. Of course there was a party to both sides of the transaction. But if you monitored the bid/ask quantities today as I did, you'd realize that sellers were piling up in waves and there was only token resistance on the buy side. There were a lot of sellers who were disappointed when the market was shut down early. The drop was limited to 7% solely because trading was stopped. I'm betting we've got more to run. There is a lot of fear feeding on itself. "Pitiful" positive returns on cash look a lot better than large negative returns on stocks. So I'm going to let the dust settle a bit. The one thing I will say is that QCOM looked relatively strong late in the day.