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Technology Stocks : Intel Corporation (INTC)
INTC 50.59+4.9%Feb 6 9:30 AM EST

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To: Mark Jahre who wrote (9586)1/30/1997 2:30:00 AM
From: kas1   of 186894
 
>So your saying that futures are not a good indicator of a stock's >direction ?

stocks have definite "directions"... when we talk entire markets, it is not quite so easy. the futures on the s&p are up .45 out of about 800 points. that's like an $80 stock being up less than 1/16. you'd better have some real confidence in the "purity" and, more importantly, directional monotonicity of the s&p index, because that's a really tiny fluctuation. of course, all other things being equal, 1/16 up is better than 1/16 down, but it is very far down my list of predictors of what will happen to intc tomorrow, maybe right below the phase of the moon and the weather here in silicon valley. :-)
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