I agree that margin calls could trigger selling of non-marginable internet stocks, but actually the internet software stocks (where I am mostly these days) have been much stronger recently even than the SOX. In fact many were up today, including SILK, CLFY, COGN, BRYO, HYSL, BOBJ, MSTR, and CARI. I agree that if the market decline continues, and it probably will, this sector will suffer some as well, but do you see a true massacre coming here too? Or are you referring to the internet retailers? Or internet hardware?
I was looking to buy some CLFY today, and had a limit order in, but the market wouldn't bring it down to me. Do you think it will?
Carl
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