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To: Voltaire who wrote (100)	9/25/1999 4:51:00 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 35685

MrVolt, just read your post on bighouses from a week ago Friday a second time... sad commentary on stock market, but what's new? .. learned those same lessons several years ago, with stocks and even more so with futures... general rule: more profit leverage, more manipulation attempted and executed I am glad someone of experience expounds on the manipulation, perhaps with more firsthand witnessed experience... I also saw thru that Everen conjob my concern is over the second important factor, namely the Fed... I consider the market behavior since July to be the final repair to money supply risk issues and rate easing backtracking to where it was in summer98... only trouble is we have some detrimental momentum with dollar and stocks, but not bonds... then some spit in the eye by Ballmer, who may not be aware of the S&P vulnerability right now here are my questions, and I am anxious to hear your view... do you believe the bighouses are attempting (even from here) to acquire a large large array of stocks cheaper for the next run? not just QCOM? do you think they are trying to bring down the techs in particular? given tech's higher valuation, bighouses might be unwilling to bid up these issues? we all know that CSCO is to be dominant supplier in ecommerce equipmt, but do they wanna pay 60x2K earnings? I dont the Fed backtracking has put the entire US currency/equity markets at risk... given the situation we find ourselves in (S&P and Dow just 5% away from a technical milestone and a steeper fall), do you think we are poised to respond to the strong earnings in three weeks? do you still believe QCOM = 235 by earnings? my answers: I think bighouses regard techs are more expensive than they know they can get them... Naz generals still are hanging on, but not for long (next two week timeframe)... bighouses want more techs, esp since turn of y2k will bring about more continued strong growth... lastly, the weakened condition of stocks leads me to conclude that the strong Q3 earnings will bring about a brief but strong rally, followed by a brief but strong selloff QCOM = 225, maybe 230 by earnings what say ye, while sipping lemonade on your porch? thanks for your time and seat on the porch / jim willie