Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Non-Tech : Knight/Trimark Group, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Sir Francis Drake who wrote (3412)	8/11/1999 2:28:00 PM
From: mnreddy	Read Replies (1) \| Respond to of 10027

Morgan, I guess MM's/Under writers can protect the stock price if they want. what is the rationale behind JNPR's stock price even during severe Bear market, specially a company without any earnings. why is this stock not coming down? Thanks Murli N Reddy

To: Sir Francis Drake who wrote (3412)	8/11/1999 2:54:00 PM
From: Sir Francis Drake	Respond to of 10027

If there is any doubt that this stock is in trouble - just look at today's trading. The market could not be hotter, and NITE is mired around 31. Every time it tries to go up, they short it, slap it down like a red-headed stepchild. There is no respect for it. This, folks is due to the enormous technical damage done to it. Yesterday I was saying how bargains abound (f.ex. SEBL below 50, today up over 52) - in such a situation, people buy OTHER stocks, other bargains - the perception is: why put money in NITE when there are so many other bargains which are solid stocks without major question marks swirling about it. So where is the money supposed to come from? Short covering? From watching the trading, it doesn't look like shorts think the game is over - they re-short every bounce. Who wants to tie up capital in this thing, when there is so much going on in the market. Nobody seems to agree with me that management should have taken some steps to at least look like they care - never mind buying back some shares so that the stock does not experience the ignominy of falling below 30. That to me was the breaking point, because it wipes out all major buying, the bulk of shareholders (most bought once NITE broke 30). Instead, we have massive selling by insiders - sure I understand, blah, blah, blah - but the timing was the worst - not good to see them tripping over each other as they stampede for the exits while the stock loses over 60% from the high. If they don't care, why should anyone else. Since I guess I'm alone in this view of management (I think they handled themselves very poorly - but that's just my opinion), I guess I should shut up now. Morgan