Networkers getting crushed

[rawman74]

I'm surprised theres been no comment on the collapse of the old favorites, the networkers, over the past couple of weeks. Are all of Cisco's competitors going to zero?

 

[silk]

I checked RBAK quote and it is 39 cents. Funny, i was forced to cover my short in FEB 2000 and $309 pre split.

I held my short from $200 to $309, because I knew i was right long term.

Most important lessons can be learned by studying the last 5 years in the mkt. We are witnessing in its most extreme case how the market cycle works time and time again.

 

[joeystox]

even csco might got to zero

 

[daniel_m]

Originally posted by silk

I held my short from $200 to $309, because I knew i was right long term.

holy smokes! that's a 10k drawdown on 100shares. you ended up making a profit though right? where'd you get out?

i guess part of the trick is knowing when to break the rules, although you've gotta admit, "i knew i was right in the long term" is a pretty scary statement.