Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: DaveMG who wrote (16604)	10/15/1998 8:18:00 PM
From: marginmike	Read Replies (1) \| Respond to of 152472

He is just as ignorent as Joe Batti<fat>piglia and Abbey joseph Cohen. He makes Jim Rodger's look like a 210 IQ genius. I am thinking of starting a 'I hate Bob Pasanni thread'!

To: DaveMG who wrote (16604)	10/16/1998 12:54:00 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 152472

Thanks Dave[clone1] Fleckenstein said: "...Take the money and run... Anybody who doesn't have to be in the market should take advantage of whatever rally ensues and get the hell out. Obviously there are tremendously large problems in the world if the Fed panicked like this. You are going to see the dollar turn to confetti over time. All these problems are just going to pile up. Use this rally as a gift and take your money and run. I have no idea what is going to happen tomorrow, but I wouldn't be surprised to see a dramatic turnaround in stocks happen rather quickly once it starts. We are in uncharted waters. I expect the dollar to get crushed and gold to shoot higher. The Fed has no respect for markets, as it sees fit to manipulate them all. A currency crisis lies ahead. When your currency goes bad you are sunk: Just ask Asia, Russia and Mexico. Whatever manipulation the Fed attempts will be short-lived. Stocks aren't pieces of paper they are shares of businesses. Should they be worth more because big trouble is coming? Currencies are just paper and without sound policies they are worthless. Two thousand years of history show us one certainty: All paper currencies go to zero." ----------------------------------------------------------- I'm in agreement, head for the hills. Now, which way is that? He says sell stocks. Okay, so then you have US$. What next? I guess he is saying dump those and buy gold. Because he says paper money turns to zero. Maybe he means buy commodities - yeah sure, oil is down to $12.50 again on a slumping US$ and there is a lot of it and other commodities around. I say the hills are owning productive assets in stable, relatively civilized countries in basic products. And that is QUALCOMM. Notice how Korea was all hell breaking loose and it turned out that what was obvious actually happened. Koreans cancelled their trips to Thailand and New Zealand [not helping those economies of course], stayed home, went back to work if they had a job and bought cdmaOne phones by the million. Same everywhere. QUALCOMM is the safety stock. US$, NZ$, Yen etc are being turned to confetti [very gradually of course]. Gold is just a lump of junk. Oil is in huge supply despite the doomsters who have raved about the end of oil for half a century. Sure, The Q price can tumble as the tsunami surges around, but the money has to go somewhere. Where would one put it in the end? Any advance on QUALCOMM? Oil, Gold, NZ$, Yen, US$, DM, Russian land are all artifacts of the 20th century of limited value in the 21st. Re 2000 years of history. There has never existed circumstances like now. 5bn people in a globalizing, Webworld with a multitude of New Paradigm facts, so a direct comparison with history is dodgy. Where he is right is the political pressure to shift value from savers to borrowers in an attempt to avoid collapse. Mqurice