Collapse Reversal: Easy Go, Easy Come
Yesterday afternoon, I posted a list of how some of the most prominent stocks fared in Wednesday’s mammoth selloff.
Given today’s equally dramatic rally, I thought the list deserved an update–I’ve added just one stock, Microsoft (MSFT), which I inexplicably forgot to include yesterday. All of the stocks on the list were down yesterday, except Dell (DELL), which had been hit on Tuesday, and Seagate (STX), which was unchanged. Today, all the stocks on the list were higher, except for VMware (VMW) and its parent, EMC (EMC). The one stock that best captured what’s been going on: Western Digital (WDC), down $1.89 yesterday, up $1.89 today.