News from Iran
Yesterday, we got news from Iran that about noon time (here in the east coast US) that Iran had shot down a helicopter of ours. Every Tech stock chart of mine looked like this:
It was horrifying to watch. Not only were the numbers red but they were huge. This one is AMD, but I looked at all my tech stocks and except for Meta (don’t know why) they looked like this. Dropping 10, 20, up to 50 dollars per share. It was really scary!
I hadn’t heard the news as I watched the numbers going down and down. I only caught up around 3 o’clock when I heard what happened. I don’t know that I would have thought that the loss of a helicopter would cause a drop in the tech stocks. Most of my other industry stocks didn’t show this same kind of pain.
Most of them recovered like this one, coming up about halfway by the time the 4 o’clock bell rang. But the interesting thing is that some of the stocks I own, came up. Still my overall portfolio ended up down about 5%. Considering that I used to be really heavily weighted toward tech, I guess my balancing worked out pretty well.
The president said that he was going to retaliate, but we didn’t hear how or how strong. Isreal did a lot of damage when they retaliated on Monday to missiles being fired on them. I’m afraid that this whole ceasefire thing is going to fall apart. But the president says he still wants to negotiate a deal of some kind.
I didn’t join in on the big sell off. I am just holding on to see what happens next. It’s early morning now and I haven’t checked the news channels so I don’t know what happened overnight. I wish we could get this thing settled!
