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These high-flying tech stocks are down 60% — here's how to shop the sell-off: One Big Investment Idea
['Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
A new generation of futuristic, high-flying tech stocks has been cut down roughly 60% from its highs.
Among 21 selected stocks, the median is down roughly 65% from its record high.
Across a 20-stock sample, the median stock eventually fell roughly 90%.
After first falling 50%, the median stock lost another 80% from that lower price.
It shows how little the old high says about where the floor sits.