Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

INTC 39.50

-3.1%

3:59 PM EST

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To: TechnoWiz who wrote (13048)	11/16/1997 1:03:00 AM
From: TechnoWiz	Read Replies (2) of 27012

Hello Margaret: Sorry, responded to myself by mistake. Just thought I'd add a few lines to my response to Frank's comment of what the so called Gurus were saying. As you may have garnered from my posts this past week, that starting with my early am Tuesday msg to you stating: "Just a gut feeling at the moment, but I think I smell a rally coming...People getting too gloomy and some stocks a bit over done on the sells." I have gradually increased my bullishness as the week wore on. The interesting theme I have noticed in reviewing a number of stocks here, is there is now a better than even chance that we could get that stampede I was looking for this week. For Example: IBM is an important component to watch from a technology standpoint and it is beginning to take on a potentially very bullish posture. I believe that if this does in fact produce a strong breakout and subsequent rally in IBM, it should inspire the tech sector esp the leaders. Some of these stocks could literally explode higher if we get a decent rally going because I am sure that there are a lot of major players, broking houses and hedegefunds heavily short this market and that could add fuel to the fire. Also I think sentiment indicators have been somewhat rolled back as well which adds to the wall of worry that needs to be climbed. Of course the only real worry is how Iraq may affect things, but as I see it, this and perhaps the Japanese market are the major problems facing us for now, where the news has not already necessarily discounted by the market. Most of the other markets are so beaten up they will probably rally for a while. In spite of this it could prove to be a very volatile month. Just some ideas that may encourage, after all its been a rough few weeks for the Intel faithful, but also an opportunity to add more... rgds Wiz

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