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Technology Stocks : Intel Corporation (INTC)
INTC 39.38+6.7%Jan 2 9:30 AM EST
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To: Paul Fiondella who wrote (37687)10/26/1997 11:03:00 PM
From: John Chalker   of 186894
 
I would be more worried about HK if stocks opened up Monday morning. Better to see an early sell off with a reversal intraday. A rally right out of the chute is subject to running out of steam and then the reversal to the downside would be very bad. HK dollar will not be devalued INHO, not in near future. Therefore the buck stops here, so to speak. And as Rubin said today, these economies can rebound very quickly, much more quickly than Mexico in 1995.

Chalks
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