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Glad I increased my short positions in CSCO, YHOO, and MU.
Tomorrow should be a nice wake-up call for sleeping longs.
----- Original Message -----
From: "Gitanshu Buch" <OnWingsOfEagles@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, September 21, 2000 2:13 PM
Subject: [RT] MKT: Buying .. ummm.. this dip?
> Would be fitting if Intel got the moniker for tomorrow after Marlboro
Friday
> from days of the past.
>
> I guess it would be nice to buy this dip tomorrow... NOT.
>
> As sent to a few friends a few days ago, INTC historically goes upto 25%
> below its 200 day ma before anything serious can be considered by way of a
> buying opportunity.
>
> And... when it is in Revenue Slowdown Mode coupled with a Rising Interest
> Rate environment, it typically loses 50% of its value from the peak.
>
> As do CSCO et al.
>
> Therefore, from 2 unrelated methods, one would expect an INTC retest of
the
> previous split-adjusted breakout at $43.
>
> This too, as they say, will pass.
>
> The baton for Tech Leadership, that is.
>
> Gitanshu
> PS: Long INTC Puts courtesy the stopped CANSLIM trade. But I grieve,
because
> I have friends @ INTC.
>
>
>
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