Day Four

Today, NASDAQ experienced greater drops than other domestic exchanges. Like NASDAQ, I have delt largely in tech stocks and so today- also like NASDAQ- I experienced losses. A few days ago, while wondering how to make my comeback from last place, I decided to invest in the generally stable technology sector. As a small-time spender, I was hesitant to spend too much. I had narrowed my field down to Dell and Hewlett-Packard. Unfortunately, I chose Dell. This choice came on the eve of Dell's report that second-quarter revenue had not met the expectations of analysts. Predictably, Dell stock fell 17%. Like we learned in introductory microeconomics, a change in expectations causes change in demand. When expectations in Dell grew dire, the value and demand for their stock plummeted. In contrast, HP stock has risen drastically. My portfolio is pretty much the summation of these split-decisions which more often than not lead to losses. On the bright side, I still have over half my money left, so maybe things will turn around.