Will the last one to leave the stock markets turn out the lights
- Thread starter Baker
- Start date
nas 1430, microsoft (msft) 48, cisco (csco) 11. Got an email from someone a lot smarter than me saying he's looking for a nas bottom below 900, maybe in next 60 days. Of course the exact opposite could also happen, I mean, who knows, right?
BTW, below 900 nas would surely be incredible as even with the (seemingly) ridiculously low level we're at now, that's another 40% drop from current levels. Things could get interesting.
Huh?, You haven't been shocked that the nas has dropped 25% in the last six weeks??? No offense, but you've either been shorting the hell out of this market or have no significant stake in it at all. BTW, what's your current position with msft?
Long, Short? Don't you own msft? Give me some specific stocks I should be following. What do you own right now?
Just for the record, I'm still in my nasdaq short fund but if we rally more than a day before dropping again I'm probably back to cash. Not trying to say I know where the nasdaq is going with that 900 number cause of course I don't. Just trying to put out one extreme view that may not have been considered. (remember we have had October crashes before) fyi..nasdaq down >30% for the 3rd quarter
Just for the record, I'm still in my nasdaq short fund but if we rally more than a day before dropping again I'm probably back to cash. Not trying to say I know where the nasdaq is going with that 900 number cause of course I don't. Just trying to put out one extreme view that may not have been considered. (remember we have had October crashes before) fyi..nasdaq down >30% for the 3rd quarter
