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.

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

To: N. David Lessani who wrote (9912)	4/30/2000 12:23:00 AM
From: Hank Stamper	Read Replies (5) \| Respond to of 24042

"Congradulations to all who weathered this recent 'bear Market!!' Soros and Robertsons of Wall Street did not survive it BUT we did!. That is why the big boys of Wall Street are quite confused about individual investors." There is a good chance the Naz will move up soon; I do not understand short term timing but that is what some on the MDD thread think. If it happens, I think the up-move will be a fake. That having been written I'd like to offer some comments on the logic that has been offered here regarding the effect of the Soros selling on JDSU. The logic says (if I understand it correctly), 'the Soros selling depressed the price and since the Soros selling is over, the price should bounce back.' 1. One of Soros' managers said his mistake was to operate on the assumption that the game was in the 8th inning when in fact, it was the 9th. I.e., with this the manager said bull market is over. If this true, then Soros will be way better off than the person who stays and stays and stays in the game way after it's over. Soros will have lost a big wack of money but, he will have pulled out long before the market bottoms. Let's not kid ourselves, Soros has survived--he has switched to a strategy of capital preservation. 2. I found it interesting--perhaps I don't understand properly--that people think the drop in the price of JDSU and certain other stocks are due to Soros selling. I thought I read in the news reports that Soros had to sell because of the drop. I.e., the stocks got weak and he was forced to sell to cover. You can't say that the final result (Soros selling) is the cause of the original action (lower prices). 2. Okay, fine. Now he has stopped selling and the price is supposed to rise because of that. This does not seem like good news to me. To me, it just means the original reasons for the depressed price take over again. 3. The other flaw in the 'Soros-logic' is that Soros did not buy into and eventually sell off the whole daq. The Nasdaq 100 index is down some 30% I think. How can we say that Soros depressed our stock when the whole raft of other stocks in the tech sector is awash too? With regard, David Todtman