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 35.81

+0.2%

Nov 25 3:59 PM EST

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To: Sonki who wrote (14311)	12/10/1997 8:50:00 PM
From: TechnoWiz	Read Replies (3) of 27012

Hi Sonki: Just got back and saw this other message from u. Like you I have been exceptionally busy this week: A. Trying to nullify 'flu like infection and b. Working overtime on a specific project, so I did not have the presence of mind to go scanning the market looking for 10/10 short sales. In spite of this I did post a few messages warning of vacuum declines in a diverse range of tech and med stocks. My "Kiss of Death" theory has been more than vindicated this past week. Re: IBM. If you recall, I thought it would go to around 112 before pulling back... was about a dollar short in my estimate and the correction I was expecting from there, has turned into somewhat of a rout. If we start back up in the overall market, I would expect IBM to put in low somewhere between here and 105ish and could mount a decent rally anew, otherwise it could re-test 100 level! Oracle is a bit of a puzzle. Because of massive volume, I am inclined to think that it was overdone enough to initiate an earlier rally than under normal circumstances. As in the case of all these declines, they become trading situations that need to be monitored continuously as they are too risky to be a no holds barred investment ideas just because stocks have lost a third to a half of their values. At this stage of the economic cylcle, with the threat of a developing bear and under the global condition's that are unfolding this is a foolhardy strategy, imo. I sense that this is what you were foreseeing a few weeks ago and wanted to defend against or avoid outright. Sorry you got clobbered on this round, but I'm sure it's only a small % of your profits temporarily returned to the markets! kind rgds Wiz

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