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![]() Today's Market (Page 22)
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| Author | Topic: Today's Market |
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happyguy |
Actually, I thought the article was pretty good. It did mention a lot of the Biotech stocks that had run up in recent weeks and then got smashed by the news yesterday. To answer your other question about why the Nasdaq as a whole fell so much... here's a quote from the article from Al Goldman, chief market strategist at A.G. Edwards said: "The market was doing OK until the biotechs got slammed." I think that monday's drop as well signalled that there may be some profit-taking going on as well as some people a bit scared at the nasdaq levels. The fact that the index hasn't bounced back so far today might mean that the boom is slowing. |
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uncleharley |
I like the analysis in this story better www.cbs.marketwatch.com/news/current/silicon.htx?source I hope the url works. |
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uncleharley |
Nice story. A problem with the story seems to be that the most active stocks on nasdaq where software, chip makers, internet, and computer stocks. Most of them where down, so I'm not sure that the drop on the nasdaq index had anything to do with bio-techs. Does anyone else think something other than weakness in bio-tech stocks caused the decline on the nasdaq today???? |
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InvestorGuide Daily Administrator |
After a strong opening up 100 points, the Nasdaq plunged for the second straight session and posted its second-worst point loss ever, hurt by biotechnology stocks that crumbled on President Clinton's proposal to make gene mapping data public. (source: CNNfn) http://www.cnnfn.com/2000/03/14/markets/markets_newyork/ |
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happyguy |
Today the 4th biggest point loss was followed by its second biggest point loss ever. A few more days like this and it'll be a correction for the Nasdaq as well as the Dow. I'm looking to buy on this huge dip. I still believe in tech stocks, but they are a bit pricey to get into right now. A few more days like this and there will be some good buys out there. |
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InvestorGuide Daily Administrator |
The high-flying Nasdaq composite index suffered its fourth-biggest point loss in history on concern that Japan's latest economic stumble will hurt profits at technology companies. (source: CNNfn) http://www.cnnfn.com/2000/03/13/markets/markets_newyork/ |
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InvestorGuide Weekly Administrator |
The Nasdaq closed over 5000 in a week when the Dow finished back under 10,000, magnifying the recent trend moving money from historical blue chips into riskier tech stocks. http://www.cnnfn.com/2000/03/10/markets/markets_newyork/ |
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InvestorGuide Daily Administrator |
The Nasdaq rose to its 15th record of the year, closing above 5000 for the first time in history as investors continued pouring money into chip makers, wireless providers and internet firms. (source: CNNfn) http://www.cnnfn.com/2000/03/09/markets/markets_newyork/ |
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InvestorGuide Daily Administrator |
Blue-chip stocks bounced back from yesterday's broad selloff, although at the end of trading the major indices had fallen off their highs for the day. The Nasdaq traded over a wide range, down over 100 at one point, and ended the day well into positive territory. (source: CNNfn) http://www.cnnfn.com/2000/03/08/markets/markets_newyork |
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InvestorGuide Daily Administrator |
The Dow fell 374 points, overshadowing the Nasdaq's first intraday peak above 5000, after Procter & Gamble warned that its third-quarter earnings will fall well short of expectations. (source: Washington Post) http://washingtonpost.com/wp-dyn/business/A24363-2000Mar7.html |
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Mayor of Investorville Administrator |
Technology shares kept the Nasdaq within striking distance of 5,000, but blue-chip shares fell sharply amid profit-taking after last week's big advance. (source: Boston Herald) http://www.businesstoday.com/topstories/dow03062000.htm At a time when U.S. stock markets are setting record highs, two influential financial leaders cautioned investors seeking to cash in on the volatile Internet sector. (source: Cnet) |
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InvestorGuide Weekly Administrator |
The SEC and the Senate Banking Committee both are scrutinizing the way the internet affects U.S. stock markets. Are we getting more competition - or chaos? (source: The Industry Standard) http://www.thestandard.com/article/display/0,1151,12355,00.html |
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uncleharley |
I believe that gomickey's advice is pretty sound. I do some intermediate trading, but not in the same issue. When I buy or sell it is first for fundamental reasons, second for technical reasons. In other words, when I feel a stock or fund has gone about as far as it will go, I make the decision "to" sell based on the fundamentals of the investment and the market place. I base the decision of "when to sell" on technical factors. Rarely would I buy a stock, sell it, and buy it back. |
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InvestorGuide Daily Administrator |
The Dow was up for the fifth straight day, jumping more than 200 points to close up more than 5% for the week. The government's employment report showed some easing of the tight labor market, which calmed investors' fears that the Fed will push interest rates sharply higher this year. (source: Washington Post) http://washingtonpost.com/wp-dyn/business/A2551-2000Mar3.html |
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gomickey |
The taxes, commissions, and the bid ask spread will bite you. The question is, are you smart enough to time it? Also, make sure you think that this upswing is due to the stock being overvalued for whatever reason AND that it'll come back down, otherwise you'll be bitter by all of those things but be missing out on the additional profits. I think it was Warrant who said: 'once bitten, twice shy', or was it Poison? |
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