Miss earnings and get your head chopped off. Following fanatical run ups in small to large cap tech stocks last year, share holders bases are riddled with abject idiots, only interested in the fast trade. The result of such a fickle investor class: carnage.
The following are leadership tech names, with market caps above $5 billion, that have fallen victim to the idiot shareholder base–thanks to sentiment change.
CREE -27%
DLB -23%
AKAM -22%
FFIV -18%
NOK -17%
TKC -16%
FTR -15%
NIHD -14%
MRVL -13%
AUO -12%
ROVI -12%
As an aside, copper giant FCX is down 18% year to date.
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So what’s holding this market up? Wish we could just correct already so we could get on with the epic rally.
-DT
Scotch tape.
oh, and POMO, motherfucker.
Yeah, but because of POMO, scotch tape costs like, $12.48 a roll now.
-DT
stupid copper bubble.