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Politics : Formerly About Applied Materials
AMAT 248.68-0.5%10:24 AM EST

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To: Sun Tzu who wrote (38373)10/17/2000 1:35:14 PM
From: Proud_Infidel  Read Replies (1) of 70976
 
Anyone see VSEA today? A 42% drop on no industry news. This is becoming more a game to see who can run to the exits first rather thn any type of objective analysis applied to arrive at a specific valuation. This is really frustrating especailly when you still see many tech(and non-tech) trading at skyhigh valuations with similar worries to be faced on the horizon.

Any business school textbook which claims the market is efficient after dropping VSEA 58%, and then knocking another 42% off because of an analyst downgrade only, should go back and rethink that theory. All of the worries were already out there, another analyst simply came along and said he was concerned.

BK
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