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To: k_maxwell who wrote (4719)	8/15/2000 2:49:24 AM
From: ratan lal	Respond to of 5853

but Mr. Market is telling us it's about $90 billion right now I think we have to define "Mr. Market". In the old days it used to be the 'vluation' placed by investors at any given moment in time. Now we have to add a 'delta' which is the MOMO valuation. they jump on a hot stock like bees to honey but once the stock loses its charm, they jump off like a cat on a hot tin roof. Hence the QCOM valuation drop by 66% from its high. Now you have to figure how much of the $90 B valuation is MOMO. Would you pay the price today? I paid 180 for QCOm and have lived to regret it as I kept trying to 'average down' not believing the drop in valuation. Under normal circumstances it would'nt matter. But you add in the 'margin call' factor and now you have something to really worry about.