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Technology Stocks : Intel Corporation (INTC)
INTC 34.72-2.3%3:59 PM EST

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To: andy kelly who wrote (90634)10/19/1999 7:19:00 PM
From: Jim McMannis  Read Replies (1) of 186894
 
RE:"Can you call bottoms within
$2? Did you buy today?"...

So when is the bottom? Was it today? I can tell you that it's easier to pick bottoms than tops in the market.
It's pretty foolish to keep calling bottoms when the stock/market keeps going lower. The saying goes, don't try and catch a falling knife.
I did see Paul say that Intel could trade off 10-20 from when it was about 78 and falling to 70...but I'd never hold him to it. He doesn't use Technical analysis or apparently any broader market analysis so I'll just leave the Intel stuff to him...
I'm pretty well protected in this market so...I'd love to get the stocks on my short list at much lower levels...

Regards, Jim
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