Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

AMAT 322.51

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Feb 6 9:30 AM EST

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To: MarkFin who wrote (5282)	2/1/2003 10:51:29 AM
From: Kirk ©	Read Replies (1) of 25522

Actually, a hedge fund being short company X then getting on national TV to say why is no different than Kevin Landis buying up tiny market cap stocks at huge price to sales multiples and then going on CNBC to tell us why they were so great... The stocks would soar and dumb money would flow into his fund where he'd take his cut (over 1% if memory serves me) and buy the bubble stocks to drive them even higher. The shorts were the ones with the balls who saw this and make people pay for their greed or stupidity. I see the hedge funds who are big time short now as just the opposite... the hedge fund managers get their sales commissions and the smart ones don't risk all their money in their funds. I don't think the shorts were any more wrong than Landis or whomever getting on TV to tell us to buy the stocks they were long. I do think we need rules that require these companies to disclose what they hold and how much before they are allowed to speak on TV, radio, print or internet. That is, you can talk your position, but you MUST disclose your portfolio investment in that position along with any other financial relationships.

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