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Technology Stocks : Emulex, What Prospects? -- Ignore unavailable to you. Want to Upgrade?


To: changedmyname who wrote (618)8/26/2000 7:42:00 PM
From: freeus  Respond to of 788
 
Very intelligent, well thought out reasoning. I'll bet you do a ton better in the market than overemotional investors like me!!!!!
Anyway, well done.And thanks for giving us food for thought for the future.
Freeus



To: changedmyname who wrote (618)8/26/2000 9:03:20 PM
From: Jack Hartmann  Read Replies (2) | Respond to of 788
 
Jason, Good advice for the future. I think I remember some of my other techs stocks going red at the same time so I was busy checking to see if it was the EMLX effect or something else.

BTW: You could have been next year's SI prophet if you told us to buy before the halt. Of course, SI would have given you only a T-shirt. <gg>

Jack



To: changedmyname who wrote (618)8/26/2000 9:27:57 PM
From: James Burke  Read Replies (1) | Respond to of 788
 
Jason - What if you logged on, saw EMLX down 40, go to Briefing.com and see the "bogus" news reported as fact then go to Bloomberg and see this:

quote.bloomberg.com

This is what happened to me and unfortunately I bailed. If this report was true, as I believed it to be, EMLX would be dead money for 6-12 months so I sold. Missed the halt by 5 minutes.

I think this just serves as notice that any trader could have been fooled. To me, I wasn't fooled at the time of the sale, I thought itwas true. Head of Navallier (sp?) funds (with 1.18 million EMLX shares) thought it was true too. Didn't say if he sold though.

Very good lesson for all of us to learn. More painful for some of us. My sympathies to those who were robbed of their money. If you made money on this thinking it was in fact a hoax before the stock was halted, shame - your day will come.

I intend to follow up with SEC, NAZ, FBI in the hopes of getting at least some satisfaction. If I get any of the 22K I lost back (don't expect to though), it will go to charity.

JB