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Technology Stocks : Intel Corporation (INTC)
INTC 46.47-4.5%Jan 30 9:30 AM EST
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To: williet who wrote (23739)6/3/1997 6:13:00 PM
From: Charles Skeen   of 186894
 
1. To talk of manipulation in INTC is just plain silly. The volume of trading in the last 2 days would overwhelm any market marker or even Intel itself.

2. As to <<INTEL below 150 . . . will not last over one more day>>, my prediction is that INTC will see 140 before it sees 150, and it will be a long time before it sees 160 or makes a new high again. It is just too soon to jump in again (see my post #25253).

3. It is very doubtful that we will see analyst upgrades in the next few days. They just don't behave that way. Actually, more downgrades are likely. The analysts are a timid bunch and they are unlikely to put their toes in the water again until things have calmed down.
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