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Politics : Formerly About Applied Materials
AMAT 249.89+3.1%Nov 26 3:59 PM EST
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To: michael97123 who wrote (44104)3/20/2001 8:23:12 PM
From: Sam Citron  Read Replies (1) of 70976
 
it would be absurd to expect another 33% in nasdaq after a 65% drop already

Absurd perhaps, but it can certainly happen. If it was once worth a dollar and now it's worth 0.35, who is to say it can't go to .23? Absurd implies irrational, and that is exactly what markets often are in the short run. Just ask anyone who was around the market just fourteen years ago. And the really funny thing about it is that there was no readily identifiable precipitating event. Everyone else was selling so you just felt you had to join in the carnage before it was TOO LATE. Scary!
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