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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Uncle Frank who wrote (44902)	10/15/1999 11:46:00 AM
From: James C. Mc Gowan	Read Replies (1) \| Respond to of 152472

GREENSPAN WANTS MY QUALCOMM; HE WANTS YOURS, TOO! Sorry for shouting, but it's true. Not for himself, not even for his charming, and much younger wife. AG wants us to give up our Gorillas and turn them over to the Houses; they need them to build up their inventory, after all. Why would AG help them out; because they are the "Strong Hands" people; small investors are notoriously skittish, and probably "irrational"; therefore, to avoid a "panic" AG asks that we give up our stake in the Q/Gorillas; prices would fluctuate less in stronger hands. But wait, the Houses were "invested" heavily in LTCM last fall; even Sandy Weill and other House CEO's were personally invested in the unhedged hedge fund; AG had to arm-twist $300MM out of each of the houses to stabilize LTCM; and in return, they recouped this with a nice tip on the "stealth" interest rate cut, during the last hour of trading, Thursday before options expiry. Big market swing, and back from the precipice, and on and up 2000 points. It's good to be friends with AG and "Trader Bob" Rubin. Today, a year later, we have another timely, expiry rant, just before release of some bogus "whopper" PPI #'s(really +0.1% less cigs/new cars). Maybe I'm getting cynical in my old age, but this market manipulation by the Federal Open Mouth Committee is getting old. To me, the Gorillas are the only game in town; the W. Buffett stocks have no pricing pressure and profits are squeezed; the Gorillas grow at 50% plus/year; I read that only 10 of the SP500 stocks represent the lion's share of index gains this year; we know which one's. I'm not giving up my QCOM and Gorillas; I refuse to be "shaken out" by CNBS, Bear-ons, AG, the Houses. These companies are the future of the US; and I trust my families future to the leaders like Irwin Jacobs, Chambers, Barrett, et al. before following the advice of AG and his Street cronies. It is not easy to see the best and brightest on these threads, jump out and back in, and God knows I've succumbed to the bullshit and sold my Gorillas before; but no more. I'm going to Maui and letting Q grow; when I return, it won't matter to me if it is up or down; I'm just very happy to own a little piece of Q's future, and I thank all of you aiding me in my decision. Regards, James

To: Uncle Frank who wrote (44902)	10/17/1999 9:47:00 AM
From: limtex	Respond to of 152472

UF - I wish someone here could tell me that we aren't going to see a full blown collapse this week and that there is a purpose to buying stocks in this environment. Trouble is that I see the following ( which I will post on the other threads to see what others think:- 1. Mr Greenspan. He has not missed an opportunity to talk the market down in the last couple of months. The more the market tanks the more his warnings in the past look credible and the more presumably he likes it so I don't expect he will say anything to encourage investors to return to buying stocks indeed just the opposite. 2. Although we haven't seen much sign of inflation, there is no question that a doubling of oil prices can on its own bring down the whole western economy. Artifical oil price increases by that bunch of OPEC gangsters amount to a huge tax on the Western economies as well as a big inflationary boost. The only way that this has been dealt with in the past has been by massive increases in interest rates. IMHO there is a clear and present threat to the economy by the unwarranted oil price increase and it will end as it has every time in the past with a recession. 3. Mr Greenspan again. This time last year and in 1987 Mr Greenspan immediately lowered interest rates. I don't think he will do that this year so if there is a crash this week there is absolutely nothing to stop it from going all the way as Cramer though itwould last year just before Mr Greenspan lowered interest rates. Any soothing or calming coments welcome. Best regards, L