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Technology Stocks : Energy Conversion Devices

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To: Allen Bucholski who wrote (8209)	8/22/2006 11:47:23 AM
From: quidditch	of 8393

<I would think the funds are not going to panic as much as the public share holders. ???> Don't delude yourself. Why did ENER go from the $20s to $57? The small individual investor? I don't think so. Funds don't "panic"--better than that, lemming-like, they all sector rotate, have price and appreciation targets, and sell at the same time. I would venture to say that very few institutional holders have truly long-term commitments to this stock, as weak as the fundamentals are. Yesterday's gain, after news of Iris' death (may that remarkable woman r.i.p.), a cynic would say, means the institutions smell the day when Stan too bails.

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