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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Hawk who wrote (31463)	9/28/2000 2:27:22 PM
From: adcpres	Read Replies (1) of 42787

Yes, it has defied the "usual" bounce back one would expect after a good beating. However, I am playing this one differently than anything I have done in the past. As a rule I do not get married to a stock and just go for quick short term trades on the order of "days" -- no day trading as a rule unless I get stuck or things start to cycle fast. I am going to play INTC up to or through earnings into NOV when the options expire. I truly believe it has been oversold given the valuations accepted in today's market(I do not wish to get into any arguments as to what ought to be accepted from a historical perspective etc. -- lets not go there). INTC is getting hurt by AMD in the low least profitable end of its business -- i.e. the Celeron processor. Corporate institutions still buy Pentium III and not Athalon systems and that is where the money is -- not systems for mom and pop and J6P. INTC also has a large business in motherboards, chip sets, and flash memory. However the market tends to focus on the not so profitable low end PC business. Where am I going with this? In short, I think once INTC reports, the stock will gain significant ground. That's why I will hang in there. GH

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