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

To: ahhaha who wrote (24)	4/5/2000 11:44:00 PM
From: GraceZ	Read Replies (1) \| Respond to of 60

On a second reading of my post I realize that I might have been a bit emotional about the use of the words Ponzi Scheme. I didn't mean an intentional Ponzi Scheme....more like a pyramid where buyers know that what they are paying is irrational but they know from experience that buyers after them will be even more irrational so they just keep buying up until some kind of event causes some profit taking and the price cascades down. I guess I was objecting to Adam's assertion that buying by the "lemming retail crowd" is something to seek out. Yikes! The large price spikes seem to whipsaw the investors and attract the traders. Not a desirable situation to me. I'd much rather attract buying based on a fundamental change in the company's revs/earnings than have stock price momentum caused by some perceived institutional following or a buy recommendation.

To: ahhaha who wrote (24)	4/6/2000 1:16:00 AM
From: Xenogenetic	Read Replies (1) \| Respond to of 60

The institutions as a group act very much like the public as a group and individual institutions act like individual investors. To believe that institutions necessarily know more than the public is ridiculous. I am not sure I am understanding you here, ahhaha. Institutions are staffed with some of the most adept research combines that you will ever find. Joe Average Public will not necessarily know that the PC market is already saturated, or that the barriers to entry of e-tail are very low, but they will continue to buy the Compaqs and Eggheads of the world. So, with such knowledge in hand of the more acclaimed of Wall St, you cannot realistically expect the institutions to mimic the public's actions/mistakes.