The entire technology sector suffered egregiously; DGIV's sector was not spared either. S&P futures are up 18 points at this hour. Look for a large rebound tomorrow; in particular for DGIV which was one of the most oversold. (a tremendous buying opportunity)
IT companies ranked by "Change % on 08/31/98"
Sym Last Change % ------------------------------- LKON 1.062 -0.313 (22.76) BRKT 9 3/4 -2 13/16 (22.39) DGIV 1.812 -1/2 (21.63) RMII 8 -2 1/8 (20.99) CMDL 7 -1 5/8 (18.84) NSPK 6 5/8 -1 1/2 (18.46) QWST 25 -4 13/16 (16.14) ANET 5 -7/8 (14.89) IDTC 14 1/2 -2 3/16 (13.11) NTRX 1 1/16 -1/8 (10.53) LVLT 29 25/32 -3.4062 (10.26) ETEL 10 5/8 -13/16 (7.1) OZEMY 12 3/8 -7/8 (6.6) INTL 13 3/8 -15/16 (6.55) VOCLF 7 1/2 -1/2 (6.25) DLGC 26 3/4 -1 9/32 (4.57) FAXX 2 7/8 -1/8 (4.17) NMSS 11 1/16 -7/16 (3.8) HYC 8 1/2 -1/8 (1.45)
This is where the margin-covering selling originated taking the entire market with it.
Symbol Name Last Trade Change Volume DELL DELL COMPUTER 4:01PM 100 -18 3/4 -15.79% 48,600,800 CSCO CISCO SYSTEMS 4:01PM 81 7/8 -12 13/16 -13.53% 37,376,300 MSFT MICROSOFT CP 4:01PM 95 15/16 -9 5/16 -8.85% 33,172,600 INTC INTEL CORP 4:01PM 71 3/16 -5 13/16 -7.55% 26,067,300 WCOM WORLDCOM INC 4:01PM 40 15/16 -5 13/16 -12.43% 20,198,100 ORCL ORACLE CORP 4:01PM 19 15/16 -1 3/8 -6.45% 10,270,400 YHOO YAHOO INC 4:01PM 69 -14 1/16 -16.93% 9,630,300 ASND ASCEND COMM 4:01PM 35 3/16 -4 13/16 -12.03% 9,103,300 AAPL APPLE COMP INC 4:01PM 31 3/16 -3 -8.78% 7,752,000 AMAT APPLIED MATL 4:01PM 24 9/16 -2 1/16 -7.75% 7,703,900
Bird (Planning on good thermals tomorrow) |