I did buy 400 @ $25 and 200 @ $26. Gonna sell those back and keep the 1000 I had before this little heart thumper. Naturaly, I should have sold the 1000 rat away, but did not judge the depth of dumbness of some people.This is not an internet stock with no earnings. Shoot..
Still, I was lucky to be home and watching, could have been worse.
Yes, it must have been all those stop losses that kicked in.
Harris did go to 18.3 in 1999 with annual earnings of .83. That is well below any forecast of $1.30 plus.
More importantly, every year since 1995 a buyer at 25 could have sold within a year at 30 plus (adjusted for a split).
Panic selling has gone way too far on a strange day for the market.