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

To: Kayaker who wrote (117640)	4/29/2002 10:58:09 PM
From: Maurice Winn	Respond to of 152472

Not me! Here's what I wrote via PM just now: <I'm still nervous and even without the need to have cash for [edit...certain purpose in NZ], I don't think I'd be buying just yet. Too many people, like [edited name], Neil Kadisha, [edited name] and I suppose millions more of which you are but a sample, are just coming to the margin crunch time. Hordes of people will probably just be holding on stunned after two years of destruction and it might take 3 years for them to accept that they are NOT going to get their money back, and that returns on investment are 5% or 3%, which few people will think are any kind of return, at which time they might sell their stocks to buy groceries. Since hordes of Americans pay 18% on credit cards, and many of them own shares, I think at 5%, they'll prefer to pay off their credit cards [or at least stay above water on them]. Credit unwinding seems to be an international sport right now. I have no idea how far it will go because there are mountains of money earning almost nothing in money markets, from Japan at 0% interest to US$ at 1 or 2% [before tax and inflation]. At some stage, even 5% return on shares will be better than 1% on money. Microsoft, QUALCOMM and hordes of other people have billions or trillions of $$ and Yen looking for a decent return. At some stage they'll spend it because all one can do with money is spend it [or earn interest, which isn't very interesting at 0% or 1%]. MSFT can buy half the telecosm now! > This colonist has not bought more QUALCOMM and is not thinking of buying. Sitting on cash feels quite comfortable for now [actually, sitting on the seat in my little Tonka Truck, but you know what I mean]. Mq