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To: StockHawk who wrote (27607)	7/10/2000 1:57:09 PM
From: ratan lal	Read Replies (1) \| Respond to of 54805

FOOL's solution for the media? - make them liable like the doctors, accountants etc. Qualcomm Fools Quibble With Press At the Qualcomm board, Fools show their disgust with the inability of the press to "get it right." Find out what all the shouting is about. boards.fool.com

To: StockHawk who wrote (27607)	7/10/2000 2:03:32 PM
From: Jacob Snyder	Respond to of 54805

Great post, Stockhawk. It took me about a year (per rule) of study and being disciplined by the market, to learn each of the first 3 rules. Still working on the fourth. JS@ouchthathurtsagainbecausei'maslowlearner.com

To: StockHawk who wrote (27607)	7/10/2000 5:23:55 PM
From: tekboy	Read Replies (3) \| Respond to of 54805

"I think it was a long step forward in my trading education when I realized at last that when old Mr. Partridge kept on telling the other customers, 'Well, you know this is a bull market!' he really meant to tell them that the big money was not in the individual fluctuations but in the main movements--that is, not in reading the tape but in sizing up the entire market and its trend. "And right here let me say one thing: After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It was never my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which would show the greatest profit. And their experience invariably matched mine--that is, they made no real money out of it. Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money. It is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignorance. "The reason is that a man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured it must do. That is why so many men in Wall Street, who are not at all in the sucker class, not even in third grade, nevertheless lose money. The market does not beat them. They beat themselves, because though they have brains they cannot sit tight. Old Turkey was dead right in doing and saying what he did. He had not only the courage of his convictions but the intelligent patience to sit tight." Edwin Lefevre, Reminiscences of a Stock Operator (New York: John Wiley & Sons, 1994, orig. pub. 1923), pp. 68-9. Simply a must-read for anyone interested in market history and psychology, IMO.

To: StockHawk who wrote (27607)	7/10/2000 9:46:43 PM
From: BDR	Read Replies (1) \| Respond to of 54805

<<2. You need the market to over-react to negative information, preferably information with little real dollar substance.>> Here is another example of negative information with little real dollar substance directed, I assume, at QCOM. I am barely beginning to comprehend 3G and now ATT wants me to start worrying about 4G. I have a lot more faith in JDSU's Phase IV bearing fruit than I do ATT's G4. I did not see that this article was attributed to any of the usual new sources (AP, Reuters, BizWire). I think it unlikely that individual.com wrote it themselves so I assume this came directly from ATT. individual.com Search under Wireless Access & Transmission Waiting for the wireless Internet (Excerpts) July 10, 2000 3G bandwidths will vary, depending on the number of users on the network at a given time, and the distance from a cell tower. Rather than 384Kbps, McGuire anticipates users will typically get access something more on the order of 56Kbps -- the equivalent of current telephone modem connections. AT&T spokespeople would not give a specific figure. Looking ahead to 4G However, a recent tour of AT&T Labs in Menlo Park, Calif., revealed an interesting glimpse into the potential of the wireless Internet. AT&T officials said that 4G, which will evolve from EDGE, will provide downlink access of more than 384kbps and uplink access of at least 384kbps for wide area networks. In some cases, rates can reach as high as 10Mbps, when the network is used in conjunction with other technologies that AT&T is developing, but typical rates are expected to be several Mbps.