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David:
>From my perch, the "they" you refer to have egg on their faces today - most
went to "Trading Buy" when they saw INTC bouncing off the 200 day ma at 55.
They looked like heroes for 2 days and - oh - $8, intraday.
INTC is at $48 in after hours, down $12 from 4pm close. This translates to a
60 point hit to the Dow.
MSFT + IBM add another 40 points downside based on 8 pm close.
So Dow opens down 100 right off the bat.
I'd leave the other index calcs to you.
Funds own 26% of INTC stock. Not huge by any standard.
At what point will they buy? Your guess is as good as mine.
My guess: $43 +/- a few schekels.
Gitanshu
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