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Technology Stocks : XLA or SCF from Mass. to Burmuda

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To: Brasco One who wrote (820)2/2/2001 9:02:01 PM
From: Scott Bergquist  Read Replies (1) of 1116
 
Donnie, in spite of my "support" of Xcelera (because of Mirror Image), don't get me wrong. I think almost all the market is overpriced, and I usually buy puts as my reaction to most "high flying" companies. However, this can prove deadly against the week-to-week machinations of GSCO, MLCO, etc., who run up AMZN, EBAY, JNPR, VRSN on little or no news. When you comment about Xcelera moving $800 mil in market cap in a week, take as a backdrop the $1billion market cap moves of JNPR in five minutes..for what? I can only define the market as "rigged" against the non-pro's.
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