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Technology Stocks : JDS Uniphase (JDSU)
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To: t2 who wrote (8515)4/7/2000 5:35:00 PM
From: Tecinvestor  Read Replies (1) of 24042
 
Not only that, but what did the big drop actually accomplish? A number of margin holders were taken out, a bunch of crappy companies got hammered into oblivion and will never recover, and a number of investors who could not hang on (and perhaps should not have been in the market to begin with) were hurt. However, the rich got richer and the good companies (like JDSU) rebounded quickly and are now poised to establish new highs. What a pathetic joke.

This was market manipulation at its finest. If it happens again, it will only result in a further concentration of wealth and a further enhancement of the value of select, solid companies.
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