SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 238.63-1.8%Feb 3 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: H James Morris who wrote (4878)5/30/1998 11:59:00 PM
From: Imran  Read Replies (1) of 164685
 
Although I never had Vinik manage my money I remember when he controlled Fidelity's Magellan fund and was manipulating Micron. With Magellan he caused Micron to run up to an all-time high of 95, and then came on CNBS to recommend Micron as a buy. It later came out that at the time he was selling Micron. A lot of people sued Fidelity for his false remarks.

I don't know if that was the cause but pretty soon after that he left Magellan. Since then he has been doing this a lot, buying companies with small floats and some sort of angle (Y2K, internet,....) and runs them up with very little cash thanks to the small floats. Usually by the time he advertises that he's buying stake in a company is the time that he's looking to get out.

So if your hearing that he's buying now, you should listen with a grain of salt.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News