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

To: N. David Lessani who wrote (13548)	10/26/2000 9:08:27 PM
From: UFGator93	Read Replies (1) \| Respond to of 24042

If you look at the Story Stocks and several other Briefing.com sections, you'll see this one analyst (Greg ?) has been negative on the optical sector for a while. That said, I'm sorry that he's wrong. I was hoping JDSU would only meet estimates since I'm short another stock (ZIGO) that is in the optical sector but does not perform like JDSU. It has lower revenue this quarter than last, yet its valuation compared to revenue is afforded the same high multiples as a true performer like JDSU. Too bad for me that everyone is going to ignore their earnings tomorrow and instead focus on JDSU's. Anybody else followed/shorting ZIGO?

To: N. David Lessani who wrote (13548)	10/27/2000 3:26:02 AM
From: sam	Respond to of 24042

Hack financial journalists typically rely on their connections at hedge funds to feed them information. Those hedge funds are more often than not deliberately trying to (fraudulantly imho) manipulate the market (much like that 16 year old Jonothan Lebed with penny stocks) through the media. And we are rarely, if ever, apprised of these "sources" so that we can judge credibility for ourselves. Who are we supposed to believe, Josef Straus or hedge fund managers like Jim Cramer/Seth Tobias (this is absolutely not to disparage these fellows -- just naming fund managers people may know)? Not much of a contest there, I'm afraid. Unfortunately, this is far too common. And is something that has seriously concerned me for a long time...evidenced by my comments in April: "CNBC (Tom Costello) again hits us with the morning shortseller spin -- that JDSU may not have done good enough. Wish they would tell us exactly where this is coming from. Then we could determine if their "source" actually has an agenda." Message 13501379 Recently, Costello was "reporting" rumors that a major fiber optic player was gonna warn. On the screen popped names like JDSU, SDLI and CIEN. Costello's source was again feeding him a blatant, bald faced lie. Here's my response to that one: "The whole thing smells fishy. That timely "story" about the FDA warning and the vague "hints" and "rumors" that a major f/o player is gonna warn (coming from Tom Costello on CNBC) are imo deliberate and perhaps even illegal attempts to manipulate these stocks. Remember, the SEC's new "fair compliance" rules basically are designed to bring REAL "hints" and "rumors" (originating from the companies themselves) to an end. So Tom, who is your "source?" Oh yea, I forgot, you are a "journalist." ;) Message 14649932 The "rumor," of course, was a lie. We know that now. The culprit? Likely hedge fund managers (who should know better and do more thorough research) caught with their pants down. But, like it or not, it DOES have an effect. Here's what typically happens. Briefing/CNBC report the lie (and provide it with needed credibility) by calling it a "trading floor rumor"...the hedge funds attack...the little guy with practically no chance to compete THANKS to the fund/media connection gets frightened and then -- well -- pickpocketed...the price of the stock naturally falls...and the financial press pats itself on the back for being "right" (while, in essence, all they were actually "right" about is that they were able to help facilitate a bear raid and actually harm the very people Ted David and Ron Insana claim (and probably believe) they are trying to help. Hey guys, you want to help the little guy? Stop posting the outright lies of these biased sources...or, better yet, find more reputable and objective sources!) Unfortunately, this scenario is far too common and imho especially deserving of SEC scrutiny (much like Lebed received). Opinions are one thing...an entitlement in our society. But these guys should recognize the role they are playing and be more responsible. All of this imho of course.