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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Jim Willie CB who wrote (8245)10/16/2000 10:24:04 PM
From: Voltaire   of 65232
 
Yep,

you and CT describe it about as good as anyone.

Dynamic factors:

1. Just as the MAJOR HOUSES and FUNDS will not BUY at absurdly high levels, NEITHER do they sell at absurdly low levels. Meaning what - second and third tier houses and funds along with the POOR retail investor are getting snookered.

2. You basically can forget the earnings tomorrow and concentrate on the CC BUT even with that in mind, the numbers and projections will not mean a damn thing one week after because with the HOUSES and MAJOR FUNDS, it is simply what number do you need. Anyone that believes the major holders of INTC will just let it sit there as dead money are fools. The upgrades are inevitable and due to the inventories held. The one of last resort is always - UPGRADED BASED ON VALUATION, give me a break.

3. NAZ dynamic - Houses and Funds also need INTC and MSFT to move forward and raise other values of inventory in NAZ as well not to mention DOW.

4. MY FAITH IS NOT IN INTC SO MUCH AS THE DYNAMICS PLAYED OUT BY THE POWERS THAT BE.

Was a great day - still holding Qcom Calls, Elon Stock,Rmbs Calls, Extr calls and of course My gamble Intc calls.

V
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