Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 35.53

-1.1%

Nov 14 9:30 AM EST

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To: Jacques Newey who wrote (97757)	1/28/2000 6:34:00 PM
From: Barry Grossman	Read Replies (3) of 186894

Jacques, Re: Good call. Let me go out on a limb and see if I can do two in a row. Some thoughts on today's selloff - WAY OVERDONE. If business output in 4Q99 was better than expected, then productivity numbers will be better than expected too - but nobody was thinking about that today. All they could think about today was inflation and their fear of it, as if a slightly larger than expected increase in 4Q99 wage benefits really meant as much as the market attributed to it. Sellers today rushed to get out and buyers sat back and watched. I'll make a prediction that buyers will look at things this weekend and bid stocks up big Monday am. Good ones like INTC are still being sold in the aftermarket right now at good discounts to what they will be selling for come Monday morning. The same thing happened the other day when INTC closed at 96.5 AND OPENED IN THE AM @ 99.375 and within one hour was @ 101.125. Monday is the last trading day of the month and the time for fund window dressing is nigh. RT: The ask on Island is 94. JMHOBWDIK. Barry

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