Portfolio down a bloody 5.59%, Nasdaq down 7.06%, Dow down 1.43%, S&P down 2.23%, Gilder down 9.8%, and Meisler down 8.1%.
Top eight worst days on the Nasdaq.
10/19/87 -11.35
10/20/87 -9.00
10/26/87 -9.00
08/31/98 -8.56
04/03/00 -7.64
today - 7.02
10/27/97 -7.02
03/27/80 -6.15
Still not as bad as the 1987 crash, but painful none-the- less. AMD reports double EPS estimate, way above the high. Maybe that will save us. SUN, NVSTY, and KLIC were the only positives today.
LU owns 30% of Terabeam but closed down 3.70%.
One stock bought this month. CCMP and its down 11%. Watching friends lose 100K in four weeks. Ouch. Many are staying put, but dreams of Jaguars in the drive are postponed. Female co-workers thanked me for telling her to not buy stocks until it settled. 50K earning interest in a moneymarket. Sould have easily lost half of it but at the 10% dip in March 10. Watching AMAT, CSCO, INTC for big dips. May trade one loser for an industry leader that is down. Good friend said institutions were buying heavy in the last 10 minutes. doesn't seem right as the Nasdaq didn't rally. Went to the casino with the wife and friends. Wife got hot with slots at the end. Down a little, but all had a good time. Tucked the trading portfolio away, will just have to wait it out. Holding coins and bonds doesn't seem so foolish now.
Jack |
