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I admit I am not an expert in this area. BUT, is the INTEL
warning THAT bad? It appears to be a few percentage points off the
estimate or previous guidance. Comments on this please.
Secondly, I understand INTEL is a major holding in most of the big
funds, will they allow it to fall further? At what point will they buy.
Thirdly, and this is my conspiracy theory: they downgraded
the chips then bought at the low, they have killed the telecoms and I am
sure are snapping them up again, now they take down Intel and
the chips and the whole market and will load up at the lows.
A possible scenario ( every scenario being possible) is a
sharp opening down draft until 11 am or so ... then a rebound
right into the end of month and quarter.
I just don't buy a serious decline right now.....
>From: "Gitanshu Buch" <OnWingsOfEagles@xxxxxxxxxxxxx>
>Reply-To: OnWingsOfEagles@xxxxxxxxxxxxx
>To: <realtraders@xxxxxxxxxxxxxxx>
>Subject: [RT] Re: Market - OEX
>Date: Thu, 21 Sep 2000 20:42:40 -0400
>
>I concur. I'm lifting most of my shorts tomorrow around the open and
>covering my bottoms.
>
>As to going long: I'm watching 5 min charts for low risk entries.
>
>This will obviously put implied vols out of the ballpark. So I will likely
>consider lower risk outright longs or deep ITM calls for leverage instead
>of
>OTM calls.
>
>Be a tough liquidity spread tradeoff, though... and this would classify
>first as a trade and not an investment.
>
>Gitanshu
>
> > Perhaps Friday will form the third hammer candlestick putting the final
>blow into >this September downtrend.
>
>
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