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To: Dr. David Gleitman who wrote (20506)	5/27/2000 10:57:00 AM
From: Jim Willie CB	Read Replies (3) \| Respond to of 35685

I got back some QCOM at 3:30pm yday no margin, or only tiny amount shaved a few points off the morning sell price big effing deal, lost dollars, saved pennies strong last hour convinced me of a high probability for reflex rally toward 80 is imminent more significant since preholiday to boot Q bounced off 80 then 70 then not quite 60 three legs down are very often followed by two legs up how much more negative could all the press be? China contracts could be announced anyday, according to Jacobs enough is enough already still got shitful prospects until July the Fed has a shifting destructive agenda nice to see moderate econ news with minus 6.2% existhome sales and minus 6% durable goods sales need another month of same, with consistent stream I truly wonder if Alger is correct when he claims the Federal Reserve governors harbor secret fears of having gone too far, putting the US and world economies in jeopardy if they dont, they should, because they have / jim