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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: Smacs who wrote (4392)	1/13/2000 8:33:00 AM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 24042

Smacs, good points.I agree TA@waiting for the numbers.com Message #4392 from Smacs at Jan 13 2000 12:34AM I'd have to disagree on that. Market manipulation is commonplace on BB stocks and perhaps even some minicap stocks but to say that the general market is being controlled by the big guys is somewhat of a conspiracy theory. Rather, I think it has more to do with the advent of instant, online trading and the fact that individual investors can buck up AGAINST the big guys. In fact, I'd go as far as to say that that is what has caused this unbelieveably long bull market. Do you think that ANY stock would get the valuations that internet stocks have back when the markets WERE controlled by the big houses? They would never be able to justify it. It's only because of individual investors (who care less, and perhaps understand less, about fundamentals) that we're seeing P/E ratios as high as they are. Sorry...I digress...the reason we see the fluctuations that are happening is because the masses are never willing to accept that we could be headed into a major correction. Once prices start dropping, everybody snaps up the cheap shares causing a price surge and effectively stops the market from falling further. Will we ever see another bear? Hmmm... -sm-

To: Smacs who wrote (4392)	1/13/2000 9:08:00 AM
From: Tunica Albuginea	Respond to of 24042

OT/Smacs, after having agreed with you in most of your post, I still maintain that you can get dozen guys that control buys / sell for large amounts of Bonds.They play golf together or go to the same parties. And they can all say " well OK let's all do this ", and I think the sheer billions being moved effects the market. Also by selling stocks at the high while they recommend it. For example AOL last year.Everybody was recommending buying AOL at 150 pre split. FIDO was touting how many bill they had bought.So everybody piled on AOL. Then a couple of months later, as daytraders were selling on the news, FIDO disclosed that they had lightened up their position which helped nail AOL's decline in addition to all the worries at that time about lack of broadband, TA Message #4392 from Smacs at Jan 13 2000 12:34AM I'd have to disagree on that. Market manipulation is commonplace on BB stocks and perhaps even some minicap stocks but to say that the general market is being controlled by the big guys is somewhat of a conspiracy theory. Rather, I think it has more to do with the advent of instant, online trading and the fact that individual investors can buck up AGAINST the big guys. In fact, I'd go as far as to say that that is what has caused this unbelieveably long bull market. Do you think that ANY stock would get the valuations that internet stocks have back when the markets WERE controlled by the big houses? They would never be able to justify it. It's only because of individual investors (who care less, and perhaps understand less, about fundamentals) that we're seeing P/E ratios as high as they are. Sorry...I digress...the reason we see the fluctuations that are happening is because the masses are never willing to accept that we could be headed into a major correction. Once prices start dropping, everybody snaps up the cheap shares causing a price surge and effectively stops the market from falling further. Will we ever see another bear? Hmmm... -sm-