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Part of Nasdaq's burden on the way to its biggest point and percentage drop in two months was...

Part of Nasdaq's burden on the way to its biggest point and percentage drop in two months was internet stocks (HHH -4%), with AMZN, EBAY, YHOO and PCLN all down more than 3%. With no apparent catalyst, tech weakness may signal broader declines ahead: “It’s weak price activity, and not the kind of activity associated with a normal, healthy market.”
Comments (1)
  • Humble Value Miner
    , contributor
    Comments (453) | Send Message
     
    HHH is 46% amzn 20% ebay 11% yahoo 8% pcln
    this mean 80% on 4 stocks - way too much concentrated, and except for EBAY these are stocks definitely not cheap
    16 May 2011, 05:51 PM Reply Like
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