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Strategies & Market Trends : Tech Stock Options
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To: Judy who wrote (19873)8/17/1997 1:32:00 AM
From: AlienTech   of 58727
 
A 33% correction for 8200 would be 8200-2706=5494.
How do you come to a figure of 7200? Unless you mean a 33% of 2000 of around 660 which is around 7160-7200..
Even then some of this dosent make sence. a $20 stock should only go down around 2 points then.. But we all know that when the big guys drop 4-5 points a day, a lot of techs drop 1-2 points easily which is 10% value while the dow's is around 2-5% value..
ps.. I have only really been in this market since 97 :) , guess things havent changed much since the beginning.
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