The worst part was knowing JNPR was next to get crushed and not having the funds to go short. Not that easy to short out of a retail account. mmmm, wonder why? Here is the chart which shows CMGI collapsing as we enter 2000. Then JNPR hangs on till October, 2000, bottoms at $9.70. Oh well, back to buy and hold. Nice argument for stop orders.
looks like sunday night was it for the "highs" unless tomm or friday we ramp it up or next week someone decides to ramp it some more into the elections
CMGI makes me cry out loud! Had it at 60 on the "pullback", dumped it mid 40's. Had YHOO at 112, dumped at 90. LU at 40, dumped at 25. The summer of 2000 was a living hell. Gave back nearly 60% of what I had made early in the year. It was a hell of a ride.
So you are saying those who bought near 1398 held through the nearly 30 point drawdown that came after that spike ?
I made $10k trading JNPR when it was added to the S&P 500. Was up $20k but, can't recall the details, something with the margin rules made me think if I sold it I couldn't buy it back the same day. Sounds weird but don't recall exactly what happened. Plus I thought it was going higher. I remember Bob Pisanni lost my respect that week by trying to run interference for his mutual fund buddies who had to add it the last day. He brought up the volume for the week and said that they had already accumulated all the shares they needed. Hey Bob, "What about trading in and out of positions?" I had "visions" of making $100k as I had researched, I think it was, BRCM when they were added.
looks like futures mag. wrote up on what happened sunday www.futuresmag.com/cms/futures/Breaking+News/2006/10/25-oct2.htm