Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 163.33

-1.0%

3:59 PM EST

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To: dougjn who wrote (15903)	10/2/1998 11:04:00 AM
From: marginmike	Read Replies (3) of 152472

Doug I have no problem with your fundimental analysis. I was saying 6 months ago that Japan was a disaster and markets would tumble(Not this much). I was lambasted on the Yahoo thread and was called an idiot. I could have posted an I told you so. What would be the point? I could have just as easily been wrong. I think that this market is retesting its 7400 low. I think that the world is over reacting in the markets to what is actually happening. LTCM is a UNIQUE hedge fund. I know people on the inside, and I know people who have worked for Jon M. I feel that the banks have all disclosed their risk, and LTCM was a unique situation. I think that the USA will go to whatever lengths nessesary to support Brazil and Mexico. I think China and hong kong have bottomed and Korea is getting a tiny bit better. I think that steps will be undertaken to re-organize world order(bretton-woods). I really think there is anything worse that could happen, that isnt priced into the market(Recession) There are better odds that the USA doesnt go into a resession then that it does(accourding to the experts. The mexicans just said they are growing at almost 5% this year. The world bank has stated Korea has stabilized and begun recovery. The Europeans will create EMF this year creating european growth. I just dont think the world is as bad as people are making it out to be. I also agree that a great buying opp will occur in the next two weeks(earnings warnings). If all goes well in November we re start the recovery. A slight recession or modest growth does not justify CMB selling at 8 times earnings, or Travelers and Merril Lynch selling at ridiculous prices. When the recovery comes these investement banks will have access to brand new markets in Asia in a way they never had before! Im just Bullish god damit and I wont be the sucker selling my stock to make someone else rich. AT 7200-7400 im loading the ship with great stocks I have wanted to buy for 3 years(LU,CMB,CNC,SUNW). I have been 50% cash for the last month and I am now calling for a 75% allocation in equities when the dow returns to the low 7000'S.

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