Lots of deep thoughts this AM SOROS. Not much to add to it. Good points. Are you a trader? What is your time horizon? How long are you staying out of the market? When are you going back in? What are you looking at to get back in?
As far as QCOM If I can get it at 150 I have a hunch that near term that may be a good buy.
What are your thoughts on QCOM: buy, sell, hold.
Lots of questions; take your time,
TA
Message #61413 from SOROS at Jan 11 2000 9:44AM
Dear Tunica,
It is perhaps a little of both, actually. I am full, but not anywhere near the indigestion point. In fact, every time Joe begins to slobber up more dessert, it is very tempting to simply close my eyes, throw away my utensils, and use my hands to join him for a little more gluttony. So, I suppose it is actually the table manners that makes me take in a drive-in movie (remember, old brain, old fun). I do, however, understand that I could have perhaps misinterpreted new era time compression eating as gluttonous bad table manners. That said, even though many (actually most) things change, the very nature of man will always remain constant my friend, is greed. There was a book written somewhere (gg) that said something about "the love of money being the root of ALL evil." There is nothing stronger in the markets that to see Joe's love and greed turn to Joe's effort to hold on to what the greed has brought him. Greed makes Joe have terrible table manners, but fear can make Joe lose appetite and run like the wind.
I am comfortable, yet I am rationalizing my chosen position at the banquet table. Perhaps skinny will be in vogue at some point. Plus, I will be able to run to the next checkpoint a little faster in the future.
Happy trading, or happy holding.
I remain,
SOROS |