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Technology Stocks : Sycamore Networks Inc-(SCMR) -- Ignore unavailable to you. Want to Upgrade?

To: Walkingshadow who wrote (672)	10/23/1999 10:24:00 PM
From: LLCF	Read Replies (1) \| Respond to of 2249

<True enough. But even in auctions there is order and regulation designed to protect both buyer and seller. > Woa... that depends where the auction is!!! SCMR's opening was much better regulated that most of the auctions held each year in the U.S. by a MILE!!!! Look at all that info you had about SCMR going in! You can't get that on EBAY! <Perhaps I'm missing something, but I don't see the validity of the analogy between an art auction and the equity marketplace. The stakes are radically different. In an art auction, you have wealthy people attempting to buy things they really don't need, though they may want. > This is way off base... many Americans would say the folks feeling 'fleeced' on the SCMR opening the other day which I witnessed are just rich people with too much time playing a game. All these dopey people playing these wacky stocks are learning tough lessons as are the thousands of 'day traders' in this country [the ones who don't know what they're doing]. It's like anything else... there are excesses. DAK

To: Walkingshadow who wrote (672)	10/23/1999 11:19:00 PM
From: Victor Lazlo	Read Replies (1) \| Respond to of 2249

<<The potential repercussions of the activity there will have little or no effect on the global economies and the lot of the worlds peoples. >> This is true of the price of scmr stock, Walkingshadow, even if it goes to 1000 on Monday morning. SCMR is an aberration. What other co with one customer and meager revenue has gone ipo and achieved a mkt cap anywhere near 16 or 17 billion on its 1st day of trading, like scmr has? Ad remember, if scmr does not deliver, which is possible, the stock will get hammered unbelievably. The slightest hint of trouble with this co would send its stock diving down, and that is always the great equalizer. The vast majority of tech and internet stocks that have traded as high as the moon eventually got killed over a few days or weeks or months. Some bounce back again and do ok, and some do not. (remember Iomega?) IMO the possibility of a falling stock price is a better limit on mania than increased regulation. You make good points. If every stock were behaving like scmr, I would agree with you. But most stocks trade at fairly rational levels, outside of the internet realm. Victor