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Technology Stocks : Xilinx (XLNX)

XLNX 194.92

0.0%

Feb 14 4:00 PM EST

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To: ROBERT MONTGOMERY who wrote (1588)	12/4/1997 8:14:00 AM
From: Thomas G. Busillo	Read Replies (2) of 3291

Robert, my sentiments exactly. The SEC made a big splash w/ its indictments against reputed organized crime figures. Now obviously no one's going to complain about stopping organized crime and/or securities fraud. However, if you look at it purely in dollar terms (and you make the assumption that yes, those run-ups on Monday were just a little too weird, even for a day when the techs were rallying), we're probably talking more than the combined market caps of all the other 19 Naz stocks reportedly under investigation (assuming the avg. cap is under $100 mil.): ALTR Monday up $458 million Tuesday down $1.03 billion Two-day swing $1.487 billion XLNX Monday up $478 million Tuesday down $529 million Two-day swing $1 billion So right there you're looking at $2.5 billion. Obviously "things looking fishy" doesn't prove any wrong-doing, but you'd think that at least someone would ask a question or two about that type of activity. Good trading, Tom

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