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 37.89

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3:59 PM EST

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To: Sonny McWilliams who wrote (26081)	5/24/2000 8:48:00 AM
From: William Hunt	Read Replies (1) of 27012

Sonny ---from briefing .com--- Bear markets are all about breaking your spirit... That's why the decline in the large-cap sector leaders, while painful, is a necessary evil... Capitulation on the part of the leadership issues typically marks the final stage of a bear move, and with the recent losses registered by such tech titans as Sun Microsystems (SUNW 71 7/8 -8), Oracle (ORCL 62 5/8 -5 3/16), Intel (INTC 109 7/8 -8 1/2), Cisco (CSCO 50 35/64 -4 45/64), Applied Materials (AMAT 71 7/8 -7 7/16), Qualcomm (QCOM 79 3/8 -9 11/16) it's clear to us that we are in that stage now... As these stocks break down, already skittish investors will throw up their hands and cry "we give"... At this point the sellers will be flushed out and market conditions will be ripe for a sustained recovery. Okay, now that we have that out of the way... When will we bottom? Wish we knew for sure but we don't, nobody does... Briefing.com sticking with target of 3000-2900 on the Nasdaq for now, but as you can see from support levels listed below, if big names fall as far as technicals suggest they will, Nasdaq could easily head back to the 2700-2500 range before a bottom is put in place. Stock 5/23 Close % Off 52-wk High Next Major Support Amazon.com (AMZN) 46 11/16 58.7% 40 11/16 America Online (AOL) 49 1/2 48.3% 42 Apple Computer (AAPL) 85 13/16 42.9% 80 Applied Materials (AMAT) 71 7/8 37.5% 60-58 Cisco Systems (CSCO) 50 35/64 38.4% 38 Inktomi (INKT) 101 1/2 58.0% 85 Intel (INTC) 109 7/8 24.4% 90 Oracle (ORCL) 62 5/8 30.4% 48 Qualcomm (QCOM) 79 3/8 60.3% 55-50 Sun Microsystems (SUNW) 71 7/8 32.7% 50 Yahoo! (YHOO) 118 5/16 52.7% 90 BEST WISHES BILL

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