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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 670.92+0.1%Nov 7 4:00 PM EST
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To: marginmike who wrote (65121)12/23/2000 6:22:46 PM
From: Bruce Brown  Read Replies (1) of 99985
 
Marginmike wrote:

I am getting more bearish every day. I am thinking about taking all my dollars and buying Swiss franc's and Euro's. The dollar dies, then inflation, then massive recession. Bank poots and Forighn denominated bonds will be the only SAFE investement. Stocks and US bonds will be anhilated. But what do I know?

Good question.

Let's review an earlier post where you disclosed some of your assets.

Mark at one point in 99 I had my life savings in QCOM, and QCOM calls. It was arround April 99. Ended up with 100,000 shares. Kept buying all the way up. Late 99 started taking chips off the table, and by jan 2000 was up 13 million in Qcom alone. Sold it all in Feb albeit not at the top, still made a nice Seven figure, never have to work again figure. It was a once in a life time oil strike. Of course the money I had used to buy Qcom with was made buying SUNW in 96 ;) so maybee it was a litle skill! In any case I started shorting stuff in March. I have had a once in a life time year!

You never have to work again. Depending on how much of that Qualcomm sale you have left and based on the share price range for Qualcomm in February ($120.x - $148) when you sold the rest of it - you could more than easily ride out the rest of your days simply living on interest. If that's the case, why your continued interest in the 'action' and gloom and doom concern posts? Why not take the interest payments and simply go out and enjoy life from now on?

But what do I know?

BB
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