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To: orkrious who wrote (15117)9/27/2000 5:38:28 PM
From: Ausdauer  Respond to of 60323
 
Jay,

re: window dressing

I hope to you are right. This is particularly painful on the tail end of the Toshiba announcement, which I interpreted as a significant event. We are back to levels now from this May at the time of the annual meeting. Here I thought we were really mounting a comeback earlier this month, but the volatility continues.

Oh well.

Aus



To: orkrious who wrote (15117)9/27/2000 5:57:50 PM
From: docpaul  Respond to of 60323
 
Heya Jay,

<<I am sure it is a case of the baby being thrown out with the bath water. No one wants to own semis now, and we are painted with the same brush.>>

Welp, gains today in the semis were spotty and mostly fueled by news. I think SSTI would have also been down if it weren't for the timely news release. I don't think SNDK folks have anything to worry about, the company has a lot of fundamentals which are tough to ignore..

More importantly, the stock at it's lows for the day seemed to have some institutional buys per I-Watch. So there's some definite support. Was a bit concerned however, about the downturn on higher than average volume. The frustrating thing about "buying opportunities" sometimes is that when it seems like an opportunity it isn't, and you're fully invested by the time that it is. :D

I might also add that the short interest for SNDK is rather minimal according to the NASDAQ site, something which us SSTI investors can't claim at this point in time. :D

All the best, docpaul



To: orkrious who wrote (15117)9/27/2000 6:14:25 PM
From: limtex  Read Replies (1) | Respond to of 60323
 
JD - Sure its bad to be down again in the $60s but considering this is one of the worst bear markets in history it is relative.

I don't believe that its semis or wireless or box makers its just what Mr Greenspan wanted and worked for and designed namely brining the market to the point that it goes DOWN every day rather than UP. He is presumably happy now and I guess we should all be happy with him since there must be a very good reason why it should be good for there to be a vicious bear market. I wish I knew what it was.

People are now to the point that there only has to be the slightest whiff in the air, one part in a billion trillion that there might be some trouble or concern orr slowdown in revenues or earnings, here , in Europe, in Japan ( been quiet lately no doubt we'll get a bit of that later in the week) , Korea, China, Russia, Afghanistan, the Iraqi army, the North Pole, 20,000 leagues under the sea, the far side of the Moon indeed anywhere or anything and bang whoever owns the stock gets the hell out.

Thats what I guess happens in a bear market. Eventually no-one is interested in buying stock. There was a great guy (oldish man who headed up a brokerage firm) on CNBC this afternoon who said of course you should have got out in March or in August. He is very knowledgeable and wise. And of course he is absolutely right. Trouble is not many people saw this coming including it turns him. Indeed he was honest eenough to say that if he had taken the interview in the morning he would have guessed that the market would have closed up today due to the "technical" features in the morning. Some may have got our no doubt but I bet most didn't but now somewhat belatedly they are getting out painfully with what remains of their portfolios.

L