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Technology Stocks : INTEL TRADER
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To: MonsieurGonzo who wrote (6435)8/2/1999 4:24:00 AM
From: Berney  Read Replies (1) of 11051
 
MG, The key, as always is GE

I did a study a couple of years ago that showed that GE moved in the direction of the market more than 80% of the time, and in those circumstances moved more than the market 90% of the time. I agree with you that it should find really strong support here, and if it doesn't, that is a strong enough statement. In fact, I must reflect as to why I play any other stocks?

Re: Poots. One thing I've come to appreciate, no matter what the charts say, is that INTC is a definitive short when the PE gets up in this vacinity. In fact, I only recommended two others to TM: IBM at $138 and AXP at $140.

We'll see!

But then, I'm

PBTB
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