INTEL FOR TECHNICIANS Message Board

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Technology Stocks : INTEL FOR TECHNICIANS

INTC 37.32

+1.8%

Dec 30 3:59 PM EST

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To: PrettyBoy who wrote (1403)	6/12/1997 1:26:00 PM
From: Ibexx	of 1513

Hi Pretty, Your own question should tell you something: <but I'm pretty darn confused about how these stocks have maintained such strength in the midst of the bad news. I am quite aware that it could be the "bad news is out," theory, but the Nasdaq is trading at all time highs...> Around this time each year, there is a gradual shift towards applying the new FY P/Es to valuation models, both in indices and individual stocks, thus tilting the balance toward a positive slant. In addition, there is so much $$$ on the sidelines--market is currently driven by liquidity, very forcefully. Ibexx

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