Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (1487)	12/19/2000 4:37:52 PM
From: Erik T	Respond to of 74559

The Nasdaq probably has a lot further to fall, but once something is down about 50% I would rather not gamble by shorting it further. I think that is sound thinking given the stock buying craze we just lived through. It was not long ago that individual stocks were rising 20% a day. It was interesting to see eToys yesterday. Although the stock had already fallen from the mid-$80's to around $1, it still managed to fall 75% to 25 cents a share, yesterday. Imagine getting into a stock after it has fallen about 98.8% only to lose 75% of your investment in one day! You just never know what is going to happen. Regards, Erik