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Technology Stocks : Intel Corporation (INTC)

INTC 34.55

+0.7%

9:37 AM EST

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To: steve harris who wrote (110155)	9/18/2000 2:05:20 PM
From: Jim McMannis	Read Replies (1) of 186894

Steve, RE:"I was thinking if oil keeps going up, people would keep running these stocks up also. Looks like a pretty good day to sell anything." Oil stocks are just starting to play catch up. After all the government said oil was no problem and bothered to exclude it from inflation data... So we were led to believe that higher oil prices were just temporary...then it started to get bad...CLinton groveling and begging OPEC to hike production. So they did, a little, but we continue to suck it up. About the only other thing the current government has done is try to pass blame on the oil companies... The biggest problem with oil stocks is that they are cyclical. Everyone is trying to pick the top and get out. Therefore, they often don't bet the big run they should. Actually they are just getting to last March/May highs...with some of the service stocks doing better than the major oils. Jim

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