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Technology Stocks : Intel Corporation (INTC)

INTC 36.20

+0.1%

Dec 26 9:30 AM EST

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To: Road Walker who wrote (37959)	10/28/1997 9:23:00 AM
From: mauser96	Read Replies (1) of 186894

John Courtesy of the WSJ today, we now know what small mutual fund investors will do in a mini crash. They run. Schwab reported that investors sold almost 3 times as much as they purchased, and remember that they got the price at the end of the day. I always suspected that they were mostly trend followers without knowing it. Now they have had the night to hear the TV pundits and plenty of time to get scared. There is at least the possibility of a mid day turn around today or tomorrow. Markets seem to do in days what they used to do in months. If anybody wants to hedge remember SPY can be shorted without the uptick rule, and is like a index mutual fund except it can be purchased prior to day end. good luck ( i usually say good investing but maybe we could all use a little luck now) I bought a little at the close yesterday and will slowly add to my holdings over the next week or two

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