Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

INTC 38.46

+0.8%

3:42 PM EST

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To: billwot who wrote (23767)	6/11/1999 6:26:00 AM
From: William Hunt	Read Replies (1) of 27012

billwot ---followup from briefing.com ---Up, down, up, down... The roller coaster ride in the tech sector continued, as rate fears resurfaced when long-bond yield climbed to 6.07%... Mr. Greenspan, if you're listening, tighten already!.. At this point, .25 pt rate hike would do more good than harm in that it would ease concerns among bond bears that Fed not being diligent enough in combating inflation... As for stocks, the market has already priced in a rate hike of at least 1/4 pt. so stocks likely to rally on the fact... Retail sales and PPI data due out this morning.. Also the following ----Cisco Systems (CSCO 110 7/16 -3 5/16) continued to mark time... Divergence between long-term moving averages remains abnormally wide but nowhere near as extreme as it was in January... May continue to move sideways (100-120) for next month or so, but as long as support in the 100-98 area holds, stock should stage powerful rally over next 6-9 months. BEST WISHES BILL

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