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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 163.33-1.0%3:59 PM EST

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To: Jim Willie CB who wrote (37144)7/25/1999 11:14:00 AM
From: gdichaz  Read Replies (1) of 152472
 
Jim Willie: A most thoughtful and valuable contribution IMO.

For one, I respect what you do as a short term trader, just know from experience that it is not an option for me myself. Tried from time to time and failed.

Your comments re this fall seem worth thinking about as the fall approaches IMO.

And re Green$pan, you have given a much more balanced and analytic critique than I have with my worry focused just on the danger and damage that another interest rate increase and then perhaps another would do when it is completely misreading action needed IMO, since as you do I see deflation on the horizon not inflation.

But you are very right, Alan Greenspan deserves credit for moving rapidly to ensure liquidity in Oct 1987 when needed and similar moves to deal with the Asian meltdown.

But sadly I think he helped cause that Asian meltdown with his last very very unfortunate rate increase prior to that meltdown.- although the currency traders did much to deepen the swings and meltdown too.

So agree with your more careful analysis and balance.

A mixed bag - good and bad. Just hope he sticks to talking this time.

Best.

Chaz
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