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Technology Stocks : TSEM --Tower Semiconductor Ltd. -- Ignore unavailable to you. Want to Upgrade?

To: Xenogenetic who wrote (18)	4/5/2000 6:51:00 PM
From: GraceZ	Read Replies (2) \| Respond to of 60

Empirically speaking, the more institutions that are shown to be connected to a stock, the more the lemming retail crowd will follow. Unfortunately I've been down this road before with any number of companies that I have invested in. The institutions load up quietly, the big name analysts come out and say buy, the institutions quietly off load to the lemming retail crowd AKA "bagholders" and when the whole ponzi scheme runs out of fresh meat the stock price collapses leaving all the real investors shaken, disillusioned and poorer. No thanks, let's hope for some nice fundamental reason for price appreciation, keep it to ourselves and make the institutions pay up later when they finally figure out there is something here.

To: Xenogenetic who wrote (18)	4/5/2000 10:01:00 PM
From: ahhaha	Read Replies (1) \| Respond to of 60

You seem to think that price movement is equivalent to beauty pageantry. If you bribe the judges then any old ugly can win. Looks like you've been "NAZZED". What you stated proves why I used the term "economic pseudo-intellectual". You are talking through your hat. The term "retail" is something the common stock broker uses to impress someone because it sounds like "big talk". It is a perfectly ambiguous term and it refers to nothing. There is an order for 1,000 shares going across the tape. Is it retail? You don't know. I get a kick out of the next collection of randomly chosen words: the more institutions that are shown to be connected to a stock, the more the lemming retail crowd will follow. Tell me, stock broker, do you think this is what is happening in TSEM? Do you think TSEM went from 10 to 40 due to institutional orders? You're a stock broker so tells us what you think the degree of institutional sponsorship is in this company. As for this comment: Whether this phenom is a result of those institutions plugging a company to its customer base is unknown. tell me what institution "plugs" any stock to their customer base. They'll divulge their portfolios through proper channels most often way after the fact and that is it. To go anywhere beyond that is a violation of various rules and threatens liability. An institution which even mentions a company to a customer can be sued if that customer operates on that information and loses. The market pricing mechanism is not dependent on institutions or anyone. In fact, price can be determined by one individual. In 1994 I measured MSFT's every trade activity and found that MSFT was the most heavily sold stock in history, but the price didn't change. The price was not being set by the mass of institutions who were selling, rather it was set by individuals and institutions who believed the stock was fairly priced, so they aggressively bought whenever the other institutions sold on book or sold not held. The price was inelastic on the up side and elastic on the down side. This reflected the conviction level of those who believed that MSFT would do very well fundamentally. So much for the theory that price is determined by total demand and total supply. That must be what you learned in "neo-economics".