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

To: Ramsey Su who wrote (6970)	1/10/1998 5:45:00 AM
From: brian h	Respond to of 152472

Ramsey, You are just too direct. People can not take too strong a medicine in such a bad time. May be you are right. But to tell the truth (if it is right, still remember you are Ramsey but no Alan Greenspan) is no different from spreading out rumors and shorting the stock we all loved. That may tick people's nerve. Plus, your all cash may be worth $1k. Others may worth 1 million. (Or the other way around). I am sure you do not want to disclose this part of information. Correct? Well. I am as concern as you are. But please let us make our own decision. You really do not have to play an "Economist" and keep telling us your position about macro economy. Most of us investors do read newspapers and Yahoo finance (others) daily. Seriously, do you know which part of sentences that I am just kidding. Wellcome back Ramsey. I thought you were kidnapped by North Korean to help drag down South Korean's market. Or you were on a secret mission with Geogre Soros to Korea to stir up Korea's currency market. Good luck to all on our 1998 investment game (play long while thinking short. What a dilemma! Ha!) Brian H.

To: Ramsey Su who wrote (6970)	1/10/1998 12:22:00 PM
From: limtex	Read Replies (1) \| Respond to of 152472

ramsey - 100% right china IS the big one...the VERY BIG one.... what good do you think cash will do for you if china gets into trouble....most of the banks world wide will restrict cash withdrawals and transfers. there will be currency controls and a significant part of world trade will be temporarily (years) interupted. There will be "quite a lot" of unemployment here in the west ( referred to as pain in the SE Asian context) ...more than we have seen in two generations. In that scenario sooner or later, probably sooner one or more of the countries suffering most will become unstable and will start using all that military hardware agianst the most convenient local innocent and undefended scapegoat. If that scapegoat happens to be chinese (eg in Indonesia) .......well.... Relax and keep your favourites.

To: Ramsey Su who wrote (6970)	1/10/1998 1:07:00 PM
From: JMD	Respond to of 152472

No Ramsey I don't think SEA is off-topic which was the whole point of my post, i.e., to thank you and this thread for permitting a wide divergence of topics many of which wind up having direct investment relevance even when they don't start off that way. Your recent posts may reflect nothing more than travel fatigue but cetainly contain none of the dignity or fun you now call for to ward off the "lose-our-butts-blues". You watch China and keep us informed for sure, but Surfer Mike is mucho more worried about Japan. There is almost no chance of a collapse there but a serious recession would inflict real pain from which the U.S. economy could not escape unscathed. Greenspan and Rubin have an incredibly difficult juggling act to perform: if you want to cut Suharto off at the knees for lying to the IMF, you can't do it without endangering Japan who holds a boat load of their (and everybody else in SEA) loans. China is much more "self-contained" and virtually immune from a currency attack: don't see them as vulnerable to the falling dominoes chain reaction that threatens the rest of the region, but maybe this interpretation is off-base. Why do you think China is the $64 question just now? Mike Doyle

To: Ramsey Su who wrote (6970)	1/10/1998 4:50:00 PM
From: Maurice Winn	Read Replies (3) \| Respond to of 152472

Ramsey, now this is getting interesting. Qualcomm at $46 or so and you ditching all and heading for vaporware US$. Reality is in production. Money is not a store of value, it is now an abstract speculative instrument, controlled by the Fed, and mainly a means of exchange. "I am seriously thinking about going all cash, selling everything including my dearly beloved QCOMs." Really? Or just talk? Half cash is pretty convincing. You have really got me drooling now. Ramsey running scared with 4 billion other sheep is a shepherd's delight. Red sky at night! Man-oh-man this is fun. With a bit of luck I'm the only happy, positive person left who thinks the readjustments in the gambling dens of Korea, Japan, USA and everywhere else will tidy up without disaster other than for the gamblers who lost. Just a readjustment as to who owns what with some market clearing costs. Reynold's Number fluid mechanics seems to apply to laminar flow in financial systems as well as liquids. As the flow rate increases, you reach a critical point and laminar, smooth flow suddenly goes turbulent. People seem to work the same way. There are built in turbulence creating mechanisms. Chaos theorists would say that applies to weather and a lot more besides, from quarks on up. So here is a patch of turbulence. Everyone clutches the sides of the rafts and only the brave sing "yippee" and paddle faster. China has got a very major fundamental difference from the others such as Korea, Japan, USA, Hong Kong, Singapore, Europe. China is poor. Still, although that has been changing quickly. But still poor. They have only recently turned a billion people loose to be creative, prosperous, use their brains and get things going. Japan had been on a speculative high in early 1990. They have had 7 years of getting reorganized. Korea had also become one of the wealthy, as had Hong Kong, Taiwan and others. They were sitting at a high position, with overvalued speculative assets and wealth effect spending. Backed by silly lenders who are going to learn with an ashen face what it means to lend like that. China has really got nowhere to go but up. Maybe their growth rate will drop to 8%, depending on how accurate those measures are anyway. Koreans have stopped spending very fast. Tourism to New Zealand is down 70% or so from Korea in a month or two. [I think that was how much]. Air New Zealand has cut flights from Seoul, Bus Operators are selling buses, Hotels are quiet. Oh dear! That means less oil used. Samsung will perhaps be looking for Fed financing through Qualcomm Inc who could borrow a billion $USFed. or so to get some production or joint ventures with Samsung set up in Korea/China. Samsung seems to have a prototype Anita [TM] of their own which might need funding. Wow! Tell me if you want to sell. Cut out the middle man and sell direct to me. I reckon your sale will be the bottom marker. My $51 buy has turned out to be my first buy which wasn't spot on the bottom. I guess with you running scared too, there is room for lower prices than $51. Mqurice