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Pastimes : Home on the range where the buffalo roam

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To: Boplicity who wrote (9265)10/3/2002 3:14:54 PM
From: stockman_scott  Read Replies (3) of 13815
 
Some Leading Tech Stocks have been HAMMERED...here's the change in the closing price from January 2, 2001 to yesterday's closing price:

SUNW ($25.44 to $2.57): -89% (LOSS)
EMC ($54.31 to $4.88): -91% (LOSS)
CSCO ($33.31 to $10.05): -69% (LOSS)
ORCL ($26.37 to $8.31): -68% (LOSS)
NTAP ($51.44 to $7.03): -86% (LOSS).

IMHO, the 'buy and hold' philosophy will be history soon...It's a trader's market and A LOT of damage has been done.

regards,

-Scott

btw, I agree with you about 'The Broadband Subsidy' -- I think an intelligent and targeted one could do MUCH MORE for economy than the wonderful tax cuts that we've all started to receive...=)
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