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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Smart_Money who wrote (85404)6/25/2002 6:38:58 PM
From: 1podstock  Read Replies (1) of 99280
 
SmartMoney, just think about anyone going long WCOM today.

They just lost over 50% of their money, assuming they bought it right at close for 0.84 (even if it was just $1,000 invested) in the blink of an eye.

And I don't even want to think about the ones trying to catch this knife at $3, $2, $1.

Talk about burning money. At least you get warmth from it. Here, cash is lost so quickly on WCOM, you couldn't hit the SELL button to get at out at any price.
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