<by the way, to value players this market is still one big fat sale.>
I hope I interpret you correctly as indicating that the market is a big buying opportunity. Sure is, in the 'right' stocks, and the 'right' sectors. I don't know that software and tech stocks, in general, make up a 'right' sector at this moment. But something is being gobbled up if you look at the high/low of the indexes today. (Actually, I mean the 'last price/low price'.)
NASD: -128, but 450 above the Low
DJIA: -87, but 317 above the Low
SOX: -21, but 108 above the Low
IIX: -2, and 89 above the Low
And LGTO? -$2 5/8, and $1 5/16 above the Low
The LGTO number isn't that impressive, but it's consistent with the trend.
This whole thing just confirms what I was talking about in the post you replied to: It NEVER pays to sell in a panic! Even LGTO. |
