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Technology Stocks : Intel Corporation (INTC)

INTC 54.32

+0.1%

12:42 PM EST

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To: Road Walker who wrote (2142)	7/11/1996 6:39:00 PM
From: Richard Rutenberg	of 186894

John- I tend to agree. I've been buying carefully in the dips. I don't think that anyone expected the sell-off to be as dramatic as we saw today. Most of the people in the office I was trading in expected a bump up. I did notice one thing today- Most everything got clobbered but- when it became "buyback" time, the only tech stock that recovered (and temporarily went positive) was ASND. Cisco got beat up, all the semis, computer manufacturers, and distribution (look at MWHS ugh!). Some of the low $ stocks will recover based upon book value. I watched the earnings reports after the close to see if I could find any news that could trigger a rally. EFII did ok- they closed down $5 or 10% today,,, but I doubt that there will be much reversal tomorrow. I lost a grand today so i guess I'm fairly lucky. We had opportunites trading S&P futures, but the technicals didn't work and we were lucky to get out without a loss. Looks like it's going to be a tough summer. With hope! Rich

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