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David,
I tend to agree with you, although I am not a big stock trader and do not
hold INTC. Most of these drops in INTC have ended up, for the patient a good
opportunity. Besides that it has a modest PE when compared some of the other
favored techs (under 30 I think on 200 earnings even revised). Looks to me
like a core holding for many funds just presented a great opportunity.
Isn't it INTC that always leads the analysts lower, then surprises. Sounds
like fairly responsible reporting to me. INTC in my book is a great company
and I wish, oh how I wished I had bought it long ago when I first heard it
was the largest chip manufacturer. Really obvious back then if you don't
over analyze things, hmmm computers important and growing, hmmm these guys
lead the industry technologically, cost-wise and volume-wise (important),
hmmm they have PROFITS (new to many techs), hmmm my guess those who were
wise enough to short it will cover ASAP since they have been given what they
wanted in weeks or months, in a night. My vote buy and turn the screen off
and revisit 6mo-1 year from now. I would not say that about allot of tech
stocks but I would about this one.
don ewers
----- Original Message -----
From: "David Neeran" <dneeran@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, September 21, 2000 8:18 PM
Subject: [RT] Re: Market - OEX
> 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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