Seeking Alpha

Big tech momentum names are down in big chunks without much news to explain it, but Mark...

Big tech momentum names are down in big chunks without much news to explain it, but Mark Gongloff tries: "Are hedge funds dumping to raise cash, or are portfolio managers doing some quarter-end shuffling? Maybe a bit of both." Netflix (NFLX -8.9%) continues its beatdown, now -49% this month. AAPL -0.5%, AMZN -1.9%, PCLN -3.9%, BIDU -6.5%.
Comments (1)
  • wolverine27
    , contributor
    Comments (412) | Send Message
     
    more a cash play ....there is only so much cash you can get from a bac or ge ....so you dump the stocks which a handle of managers manipulated into high flyers .kool aid drinking coming to an end.

     

    the multiples are complete nonsense.
    30 Sep 2011, 12:08 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs