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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (12947)10/28/1997 9:51:00 AM
From: Gaston Teran  Read Replies (2) of 50167
 
Nasdaq getting punished so far today. I do think this selloff was due almost entirely on overvaluation and overvaluated stocks, including many blue-chip tech companies AKA growth stocks are getting beat up most. Just look at DELL. Or CPQ or MSFT. Smart Modular is a stock that I follow. It's had a great run-up and the past week or two has cut the value of its stock in half.
On one final note, I think we might find the bottom sooner rather than later.

Gaston
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