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: Joe NYC who wrote (15321)	9/22/1998 3:15:00 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 152472

Joseph, I have to agree with you here: "How can you have more buyers than sellers? For every buyer, there was a seller. Ask ended up at 49 7/16, so there were sellers ready to sell at the close." That is my argument for all transactions, as I've boringly explained several times. Money doesn't disappear. For every seller there is a buyer, in exact matching numbers [as far as the number of shares is concerned]. That's also why there isn't capital flight from a country. For every Yen seller, there is exactly one buyer. Same principle. There is only capital flight when machinery, equipment, buildings and land are physically uprooted and moved out. I was just adopting the expression as a partly tongue in cheek explanation. But it is true in the sense that when there are more people wanting to buy than sell, they have to bid the price up to persuade sellers to sell and they have to keep raising their offer until the numbers match precisely. As they raise their offer, more people decide that they will become sellers and fewer people are prepared to pay the price. So I agree with both you and the expression. Meanwhile, 3G is getting very heated [thanks for all those posts Michael P] and Ramsey has phones failing by the dozen! This sounds like the original QCP820 problem, but costs still coming in, so the bottom line is continuing to be crashed. Qualcomm better 'pretty damn Quick' get these problems behind them and pretty damn Quick get the pdQ out to subscribers. People will defer buying a new phone until they can get the pdQ. If The Q drag their feet, there might be a very big opportunity cost next year. Mqurice