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Technology Stocks : INTEL TRADER

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To: MonsieurGonzo who wrote (10470)	9/27/2001 2:24:29 PM
From: Berney	Read Replies (1) of 11051

The powers that be seem to be trying to do more than hold the week opening prices. And trying hard. Look at some 60 min charts. The battle at $35 with GE, ~$35.50 with HD, ~998 with the SnP ... The real positive is an erosion of the 60 min sto without a collapse in prices. The jury is still out, but an effort is being made. OTOH Some of these ANAL-ysts really seem to be piling on. Now some of these downgrades definitely deserve it. According to be Marketwatch and WSJ, HONey had an "investor and analyst" conference and announced a $1B restructuring charge this quarter for plant closings, etc. Went out to the HONey corporate site yesterday and not a single press release regarding it. I suppose they believe Reg FD no longer applies. As to the falling commodity prices, I can only believe that these folks believe that these naval battle groups and jets run on water. It will take a few weeks for all these fed billions to start working into the system. However, I don't believe that fed deficits generate deflation. Just a View from the Swamp TB

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