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To: Steve Andrew who wrote (19508)	10/1/1998 5:22:00 PM
From: Jay8088	Respond to of 164684

I am still alive... At least,I think I am... -Permabear in ICU. Thanks for your post.

To: Steve Andrew who wrote (19508)	10/1/1998 5:26:00 PM
From: Peter Bernhardt	Respond to of 164684

Steve, That was the most interesting post I've read in quite awhile. Here's hoping you lurk less and post more often. - Peter B

To: Steve Andrew who wrote (19508)	10/1/1998 5:29:00 PM
From: Jan Crawley	Read Replies (2) \| Respond to of 164684

Wow, that's all I can say right now. Will get something to drink and read again! Thanks!!!! I understand what you said....I have so many options-interests print-outs....for a while, I was going nuts!!

To: Steve Andrew who wrote (19508)	10/1/1998 8:09:00 PM
From: Chuck Mowery	Respond to of 164684

Steve, thanks for a most-interesting post. Whether true or not, it certainly is an education into the manipulation of these volatile issues...explains a lot.

To: Steve Andrew who wrote (19508)	10/1/1998 8:20:00 PM
From: M. Frank Greiffenstein	Read Replies (1) \| Respond to of 164684

Do I get CE credits?? That was fantastic, Steve. I didn't understand half of it, but your post dissolved some of my skepticism about market manipulations as an explanantion for stock movements. Question: Vinik's tactics ahve failed in the past, what was his undoing? Are there countertactics? Or does the best manipulation fail when there is just too many people selling a stock? I can wait this out. I like to buy puts with long terms, holding the Jan 100 and 110 puts. But I wish you had psoted this earlier, could have saved me the expense of selling and rebuying Oct calls as hedge! DocStone

To: Steve Andrew who wrote (19508)	10/1/1998 9:10:00 PM
From: Brian Moore	Respond to of 164684

Steve, I saw the effect Vinik had when I worked at Applied Magnetics and followed the stock. There were certainly other factors at work too, but it is common knowledge that Vinik was at work. In September '96 APN was 15. Vinik started to get involved. Five months later it was 60. Today it trades at 4.

To: Steve Andrew who wrote (19508)	10/1/1998 11:02:00 PM
From: Greg Jung	Read Replies (1) \| Respond to of 164684

I've heard of random short attacks, as admitted by James Cramer when he bragged about going long a stock that just had bad fundamentals w/ high short interest. But internet stocks I couldn't understand. This is the only story that makes sense. Do you suppose that Jupiter Communications has any affiliation with such traders as Vinik's ilk. This seems to be a major source of encouragement to the sector. Actually, the thought of such people with billions of dollars to strew around in such a fashion could explain the most baffling aspects of extraordinary price rises and mysterious drops of ordinary stocks, the "I love you" stocks such as today. When after through so many market downturns we've seen CSCO solid, MSFT inch up, DELL enhance its multiple by 10%, etc. Today may have been a partial liquidation of hedge funds on the tight ropes, as Rep. Jim Leach spoke we had Csco drop 5 (PE=75) MSFT drop 5, Dell drop 5. Just a slight threat of turning on the light and the cockroaches scatter!