WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 178.23

+0.8%

Dec 23 3:59 PM EST

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To: Bargain Hunter who wrote (19030)	2/11/2001 3:27:29 PM
From: Art Bechhoefer	Read Replies (1) of 60323

<<Do you seriously believe that if some institutions were deliberately selling technology shares for less than their "real" value that there would not be other institutions snapping up those "cheap" shares just as quickly?>> Market psychology plays an important role in how ALL investors regard certain kinds of stocks. If someone wanted to manipulate a sector of the stock market, it would require more than just selling a handful of key stocks. It would probably involve discussing the "economic situation" with trusted investment managers and letting them know that it was unlikely that, say, the entire technology group would be held in great esteem for at least a few months. Then, when it became clear that stocks in a particularly hard hit sector had probably bottomed, again notifying investment managers that the "economic situation" was beginning to look better, that would be a signal to jump back in. Many of the largest investment firms have close relationships with the administration. One can draw several conclusions. Mine are drawn from the experience of over 45 years investing, and very little surprises me. Art

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