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To: Jim Willie CB who wrote (1544)1/28/2000 6:53:00 PM
From: SOROS  Read Replies (1) | Respond to of 35685
 
Thank you. I don't expect $56, but sure would take it. My hesitancy to buy QCOM right now has nothing to do with QCOM. This overall market built on cards laden with debt is what concerns me. So far, there has not really been more than a couple of days down which has not been met with "buying the dip." I just wonder what happens to those on margin without deep pockets who have never experienced a 1987-like downturn. When money becomes scared (truly scared), it can get very nasty. Most say it cannot happen, but I am not so sure. I was feeling pretty poorly having missed selling my QCOM options at $175-200 when I finally did near $145 and then a few in the $130's. Now I don't know. This whole market seems more rigged than ever -- of course, Voltaire would know for sure.

I remain,

SOROS



To: Jim Willie CB who wrote (1544)1/28/2000 7:30:00 PM
From: No Mo Mo  Read Replies (1) | Respond to of 35685
 
JW-
I know this may sound fatalistic but...I'm almost glad Schwab upped the margin req on the Q to 60%. They are forcing me to be more conservative.

Maybe I'll be in the game for the next inning now.

However...if I get through this w/o having to liquidate...like I alway have before...

-Junkie