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Technology Stocks : JDS Uniphase (JDSU)

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To: Smacs who wrote (4392)	1/13/2000 8:33:00 AM
From: Tunica Albuginea	Read Replies (1) of 24042

Smacs, good points.I agree TA@waiting for the numbers.com Message #4392 from Smacs at Jan 13 2000 12:34AM I'd have to disagree on that. Market manipulation is commonplace on BB stocks and perhaps even some minicap stocks but to say that the general market is being controlled by the big guys is somewhat of a conspiracy theory. Rather, I think it has more to do with the advent of instant, online trading and the fact that individual investors can buck up AGAINST the big guys. In fact, I'd go as far as to say that that is what has caused this unbelieveably long bull market. Do you think that ANY stock would get the valuations that internet stocks have back when the markets WERE controlled by the big houses? They would never be able to justify it. It's only because of individual investors (who care less, and perhaps understand less, about fundamentals) that we're seeing P/E ratios as high as they are. Sorry...I digress...the reason we see the fluctuations that are happening is because the masses are never willing to accept that we could be headed into a major correction. Once prices start dropping, everybody snaps up the cheap shares causing a price surge and effectively stops the market from falling further. Will we ever see another bear? Hmmm... -sm-

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