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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
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