Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 38.09

-0.2%

1:33 PM EST

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To: kapkan4u who wrote (132985)	4/19/2001 6:24:45 PM
From: vegetarian	Read Replies (1) of 186894

I was surprised that you decided to short Intel at this juncture. It has been going up on a huge volume and the market mania seems to be returning back. You seem to at least have the correct discipline of not letting the short go significantly against you. At this point, too many retail shorts are in the market who will get toasted (or fried ;-) take a pick), suck up a lot of money from the MM accounts sitting on the sideline on the long side and then go down with them toasting the longs eventually, at least so it seems based on the enthusiasm for trash equities returning. INTC could possibly run in the 40's in this upleg and might be dangerous to sell at least until the volume dies down. It seems the media/analyst community is not able to rationally analyze the current situation and doing a disservice to the investors by telling them to move into equities, not to mention Fed pushing people into equities at this stage. I just hope AlanG pulls this off well because if his recipe does not work we could have a decade to regret.

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