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Technology Stocks : Exodus Communications, Inc. (EXDS) -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (2906)	12/23/2000 1:08:01 AM
From: Jane4IceCream	Respond to of 3664

Look at the charts...the past month or so. Every rally was quickly shorted. When the stock climbed to 36 in came the hedge funds. My guess is they waited for the Nasdaq-100 pop to play out then moved in to push the stock (along with the market) down to present levels. Seems like many stocks that have been destined for inclusion into the indexes late have rallied on the news to be folowed by serious selling/shorting...ie...look at BVSN as another example. I can tell you the hedge funds have greater power to do this to one stock than a single shorter or a shorter with some kind of following on SI for example. Reason(s) may be due to increasing popularity of the hedge funds in a bear market and the communication between these funds. How do I know hedge funds are involved? Couple ways. First, my brother-in-law is involved with one on the West Coast here and I pick his brain day in and day out about the market. Second, there is a very well known hedge fund manager who posts on SI here who has publicly come out and said he is shorting EXDS. I think Exodus has a great future and I am long a couple positions but it will take some great news or the Nasdaq turning back up to get this one back on track. Jane