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 36.78

+2.7%

Nov 26 3:59 PM EST

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To: Frank Ellis Morris who wrote (14394)	12/11/1997 7:45:00 PM
From: Captain Jack	Read Replies (1) of 27012

Frank--- my bet is on the overseas markets dropping like a stone. Not because of FEDEX but because the US markets dropped like a stone. In the morning our markets will open down and continue. The snowball may have started rolling and will not stop only dropping the t4echs,,, the rest have a long way to go as they probably will come close to catching up. The volume is too high for the trend to reverse without some reason for confidence. Momentum is lost. The snowball must stop before it can be reversed. Any spikes indicate a time to sell holdings you do not wish to grow old with and short for pizza money. Wait for new 52 week lows (there were some today on well known issues) and buy for the long haul.Unless I see a fast STRONG rebound real soon that will be my new game plan. After the '87 burp it worked for me. If this is the new burp (IF!) be prepared to buy and traders will make a few extra % easily for their trouble. JOHN

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