Open Question
Why is tech getting hit so hard? My other positions are holding up pretty well ,
but the techs are getting hammered. Could this be due to the fact that the techs
ran up so far and will fall the hardest during the market decline.
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Cisco's Chambers said business may be bumpy the next few months but he is
optimistic long term. I may add to my CSCO position in the next couple of days
as well as EMC.
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Technicals are a big part of it... Nasdaq broke a very important trendline. Next
support was about 6% below yesterday's close.
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oh, and GOOG broke down slightly on technicals
DIsclosure: im long GOOG & CSCO
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CSCO earnings, BIDU downgrade
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news is about to hit about CHINA locking up some reporter involved in something
with yahho. and surendering info to Govt.
something along them line.....still waiting on more fact
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