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Politics : Idea Of The Day

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To: Cynic 2005 who wrote (12776)10/27/1997 5:15:00 PM
From: Judy  Read Replies (1) of 50167
 
Mohan, we are witnessing is fear and greed at their best or worst, depending on one's outlook of the market. TA and FA are academic now while the market is in this mode.

As for INTC, I like the stock long-term but am biding my time to initiate a long position. There is little doubt that 12 months from now INTC will be much higher, the issue is how much more can fear and greed and being in an out-of-favor sector drive the stock down. Regarding your clarification of the apparent contradiction, there are other possibilities. Flash memory demand can be high and other companies can be eating INTC's lunch in this area (flash does comprise not a big part of INTC revenues and the Israeli plant supplies needed capacity).

Dmas are just another indicator. When previously strong stocks dip below key dmas without a blink of an eye on an intraday basis, I view that as an indicator of events to unfold. And so they have.

My regards.
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