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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: 5dave22 who wrote (130240)	1/2/2001 4:03:29 PM
From: Daniel Schuh	Respond to of 1572208

The NYSE circuit breakers were jacked way up recently. They seem to be set at something like 10, 20 30% declines in the DJIA now, see nyse.com. NASDAQ is distributed, and doesn't have any similar rules to my knowledge. In '87, the NASDAQ market makers supposedly implemented their own ad hoc version, where they just took the phones off the hook when things got tough. I assume things would work better now with ECNs like Island, but who knows? Cheers, Dan.

To: 5dave22 who wrote (130240)	1/2/2001 5:52:42 PM
From: tejek	Respond to of 1572208

Dave, Is there a point at which the NAZ stops trading? A certain percentage drop in one day that ends the session? Yup, the session that drops the Naz to zero. ;~)) Man, you've got to get rid of those Naz stocks....they are like bad dope...they don't get you high and they cost a ton of $$$. <g> My portfolio now is 80% NYSE and there is very little pain, even on a day like today. When one of my first NYSE's buys went up the day after the trade, I couldn't believe it. When it continued to go up the second day, I went into shock. On the third day, I became nervous. On the fourth consecutive day of going up, I almost sold. That stock now is up 33% in less than a month. When the feds cut, its the financials, the brokers and the retails that will move up, not the tech stocks. I don't think tech will be good until second quarter, assuming we don't have a recession. ted