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To: TobagoJack who wrote (35181)	6/20/2003 3:47:42 AM
From: Maurice Winn	Respond to of 74559

Jay, I saw that you'd made money, not from QUALCOMM, but from trading against others using QCOM as the gambling chip, which is an entirely different thing. You didn't rip USD7.55/share from QCOM, you got it from the others on the other side of the trade. A pure predator! Hunting the more ignorant or less lucky [one not being separable from the other] but in a voluntary zero-sum cannibalistic game [less brokerage and transaction costs]. So it's not really predation because until the eating is done, one is never certain whether one is the diner or the dinner. Mqurice