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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (48357)	3/2/2001 11:56:26 PM
From: prophet_often	Read Replies (2) \| Respond to of 57584

Anatomy Of A Tech Market Collapse. Example #1 JNIC. stockcharts.com[w,a]daclyymy[dc][pb40][vc60][iUc20!Um12!Uo14!Lh14,3] Study this chart carefully. On November 6, 2000, JNIC traded at an all-time high of 125 dollars per share. Today, March 2, 2001, less than 4 months later, JNIC closed at 11.56 per share. That is a stunning 91 % loss in value. Can anyone show me another non-internet tech stock trading above 10 dollars today which has lost a greater percentage of its market cap in the same time period? Unlike the internet bubble stocks, JNIC has (or had) actual earnings. I haven't really looked at JNIC in depth lately to see if there is some fundamental change in their business, but I find this chart very impressive and one that market historians may reference someday.