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INTC 52 week low is 32.50, high is 73.81. Every year techs take it on the
chin in the third quarter and rebound in the fourth along with COMDEX and
other conferences. Recall back to April/May when the brokerages downgraded
techs, well, they upgrade them in September. Best trade I did year after
year was to buy LEAPS on techs, particularly AAPL in September and sell some
in November at COMDEX convention and then some at MacWorld in January. Tax
loss selling might keep INTC under pressure into October, but the speculator
might get a 50% gain from here into year end and a double by spring of next
year. Its a great buying opportunity for the investor.
BobR
----- Original Message -----
From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, September 22, 2000 4:39 AM
Subject: [RT] Market / Intel
> My first clue to maybe not get too bearish is the failure to reach limit
in
> the night session. . . . could be a sign guys? As well as a recovery by
over
> one half of the drop by 6:30am cst. Armageddon may just turn into an
> opportunity for some??
>
> The Intel $43-40 would be nice but maybe only a dream. What happens if in
> real trading it does not open down all that much or much less than the
> trading lows last night . . . a super squeeze?
> don ewers
>
>
>
>
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