Elizabeth,
The futures are looking weak and indicating a nasty opening in the market in the morning (if nothing changes between now and then)...so some traders/investors may have felt that it was time to sell and lock in profits in the fiber optic sector and look for a lower re-entry on those particular stocks.
We've had quite a run-up in the market in the last few days so it's time for some consolidation.
Many keep an eye on the futures and that can also cause a lot of after hours selling.
A good place to check the futures is http://www.cme.com/cgi-bin/gflash.cgi
I don't know what I am doing up! Just noticed that it's almost 2 a.m. here. . . so hope my posts aren't nonsensical at this wee hour of the morning - a la the 'fuzzy brain' in need of R&R - think I better take it to bed!
:)
Amber
> But, what's going on when earnings are
> strong and stocks in that sector all trade
> down after hours. Any explanations or
> comments, anyone??
> Regards,
> Eliz.
http://www.cme.com/cgi-bin/gflash.cgi