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

To: Jon Koplik who wrote (21627)	1/19/1999 9:38:00 PM
From: Gary Walker	Respond to of 152472

>there were a lot of happy and wealthy RCA stock "longs" in early 1929, but, how many sold at those inflated levels? For everyone that sold, some poor soul bought. I have thought for months that someday we're going to see the biggest crash in history. Electronic trading, which I use extensively, will be the culprit. It's just too easy to move money around. Every the 401k is just a few clicks from being sold. On a more positive note, US businesses are creating value in the whole while countries like Japan are destroying shareholder value. Abbey Cohen gave a great little speech about it. The point is when US business creates shareholder value the market will go up. For the nervous Nelly's out there you should listen to her speech. The link is here to a CNBC recording her message. exchange2000.com I'm hoping that some of the inuts will bring their cash over to the value side of investing a pick up a cheap stock like Q. Despite INTC, CSCO, and MSFT's great earnings they ain't cheap and a crash like '29 would take them south of RCA. Regards, gw

To: Jon Koplik who wrote (21627)	1/19/1999 10:14:00 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 152472

If half a group give their money to the other half, then yes, there will be more rich people than if you have a group where they all get a decent return on investment derived from selling something and making profits; or free cash flow for Dougjn. One is called Roulette. The house takes a small cut and the rest divide into winners and losers and there are no profits. The other is called investment and everybody who buys shares can win and there are profits = where there was only $100 million, there is now $500 million [not in paper profits but in dividends paid and banked]. Both type of "investors" think they are in the stock market. The difference between the two is hard to tell - they don't have an asterisk to denote "Roulette Stock". Or a $ sign to denote "Investment Stock" and they usually overlay anyway. So yes, there might well be many more millionaires at the Amazon thread than on the Q thread. But there are or will be many more who bet on number 23 and came up broke. Assuming of course that Amazon is indeed a roulette stock and isn't going to make billions in profit which they might do for all I know. I also disagree that computer trading will cause the crash if it comes. If anything, computers help markets clear quickly which helps minimize crash sizes. The cause of a big crash will be margins being called with no money available to pay them, derivative positions collapsing, inability of Alan Green$pan to print money fast enough and distribute it fast enough and lower interest rates fast enough to prevent outright pandemonium and collapsed positions. Computers speed up the action by hours or even a day. But the angle of descent has always been very steep when panic sets in. But I don't think there will be any huge crash, just the normal Big Dippers to punish the wild and crazy who bet too big on margin. The cash carrying Ramseys of the world have to compete to pick the cadavers clean - they would like to wait until they are completely dead and no longer moving, but unfortunately, vultures have to move quite quickly to get a few bites before it is all picked clean and things race of again. And they WILL race off again because the New Paradigm is GAINING not losing momentum. Just my threepence worth. Q! is an investment stock. P:E around 20:1 instead of N/A. Sales to market capitalisation of 1:1. Revenue growth of Message 7336606 in a market where there are about 5 billion prospective customers over the next 20 years some of whom will buy many generations of equipment and pay ongoing royalties and per minute charges with soundly protected patents which can't be avoided. All those boring fundamentals which make an Amazonian's eyes glaze over. Mqurice [Gary, betting against a horde of lemmings is likely to lead you to be flattened - as you now know. They just keep coming! You can argue all you like and tell them they are headed for doom. They will ignore you and laugh at you as they take your money as the stock you shorted keeps on rising. It isn't much consolation to you when the last of them to buy fall over the cliff. A bit like complaining to a truck that you had the right of way and THEY had to stop, not you. True, true. Now, would you like the wooden or ecologically sensitive plastic coffin?]