Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.01

-0.3%

3:59 PM EST

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To: Uncle Frank who wrote (103746)	9/4/2001 9:18:59 PM
From: limtex	Read Replies (1) of 152472

UF - I don't see a realistic possiblity of an end. The volume in the last hour was massive and that can'tbe good news. My guess is that most of the market action is dictated by hedge funds more or less acting in concert. There are certainly fewer buyers as they must be declining and there is pitifully little sign of a recovery. The market is suposed to be a forward looking instrument and so what do these massive declines tell us looking forward. What I am saying is that this is no normal collapse. My instincts tell me to be realistic and to call it a day and be thankful for anything one has left. Everyone is firghtened of this kindof scenario becuase the ultimate nightmare is that you do this at the very bottom o near to it and the consequnces are awful. But wtching this daily nauseating drop just becomes too painful. One day if normal business conditions return and of course they will one day then OK you have another shot. But this daily grind is just too awful. Today was oneof the worst days ever. Not just becuase of the drop and the volume but it now waits till about 3.00pm and then whack. This is what used to happen last year if you remember. But then we were coming from 5000 and 4000 or even 3800. Now we are coming from 1800 and it is still gonig hard and no let up. This is not survivable. Worst still is tech. Q has had the most incredible run of good news. Almost everything we could have hoped for has come true and yet you get a massive sell off with huge volume like today. We are dealing with market forces that are not for normal families to be involved with. Maybe that is waht I've been trying to articulate. What is going on in this market is simply too dangerous to be involved with. MM has been right so far all he way from his bear conversion. I just can't reconcile myself to his iconoclastic vision especially theunemployment but as each day goes past his prediction seems to play out. So thats it in summary..I guess lighten up. Whether one has the strength to do ti is antother matter but this is too dangerous. But like most I will listen to anything that will cheer me up....anything. Trouble is that Vol used to cheer me up last year and look where that got us. But you have a good feel so I'm all ears. Best regards, L

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