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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 165.13+1.1%Nov 26 3:59 PM EST

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To: Frank Ellis Morris who wrote (37230)7/26/1999 7:08:00 PM
From: Mr. Sunshine  Read Replies (3) of 152472
 
"...we are getting crushed due to an
on going problem with the Federal Reserve."
"... the problem with the markets is in fact Allan Greenspan and his willful intent to create the carnage that is unfolding."
"... Does one have to be struck by lightening to understand and wake up to the manipulation of the Federal Reserve? If this keeps up we will soon witness a debacle comparable to 1987."
"The sell off is intensifying and pretty soon we are going to loose all our gains from last year. I don't know about you but I don't want this guy to be our chairman anymore. Greespan has demonstrated peculiar and unethical and unprofessional conduct. We would be better off without the threats and hostility he has recently displayed. His job is not to manipulate the free market trades and yet that is exactly what is being done as all of us are now held hostage to his every whim. The justice department has spent all that time and our tax paying dollars to go after Microsoft when it is the Federal reserve that they should be looking at. I say throw the bum out, we all had enough!!!"

Frank,

Are we facing a margin call today, or what?

I looked at your profile and your favorite stocks are:
INTC MSFT DELL CSCO MO KO G MER JNJ PFE SGP

Can you say "unrealisticly high p/e ratio"?

Most of these highflyers are due for corrections. If you have owned them for a while, congratulations; you have nothing to complain about.

If you have bought them recently, you need to go back to school and take the following classes:

1. The Price to Earnings (p/e) ratio; What it is, and why it is important.

2. Tulipmania and the madness of crowds (or something like that).

3. Margin calls; Why they are bad and prudent measures you can take to prevent them.

4. Modern Economic Theory; Inflation, Monetary Policy, Fiscal Policy, and government prevention of 1930's style depressions.

5. Stock Market Basics (Take the class on diversification.)

6. Taking Responsibility for Beginners.

and it's sequel,

7. If You Can't Take the Heat, Get Out of the Stock Market.

8. Whining; Why it makes you sound immature.

And one class that has not been taught in years:

9. Stock Market as a risky investment (also known as "you are not guaranteed a profit")

I am sure other thread members can recommend many other classes and/or books that could help improve your future investing returns!

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