Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 170.90

-1.3%

3:59 PM EST

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To: IKM who wrote (5023)	10/27/1997 5:07:00 PM
From: qdog	Read Replies (1) of 152472

First off, I think I've warn from the beginning of the year about this market. Secondly, I also a few months back made comment that the Asian markets were to be watched, especially when Thailand started tanking. I also warn about Clintons troubles being problematic. Today's decline was 7%, not a panic. IF they hadn't stop the exchanges maybe it would have got worse. I'll tell you right now, Greenspan will put a halt to this "chaos" by cutting the discount rate and lowering the Fed fund rates. He has the power to do just that and will. You better believe if things are resume tomorrow, he'll act in the morning. You can then expect a 50% retracement. Just like I don't sell at the tops, I don't buy at the bottoms either. I just ain't that smart. I also have seen this before and invested in it before. Markets are built on worry, which there is plenty today. I'll not be going wild either, as I stated, you will see whipsaw action into the end of the year. So now we see who the "buy and hold for the long termers" are for real. I came into this world with no hair and nothing to my name, I'll not leave it alive and with a vast unspent fortune either!! Tallyho, I'm in tomorrow!!!!!!!!!

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