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Strategies & Market Trends : The Rational Analyst
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To: ftth who wrote (425)3/4/1998 9:23:00 PM
From: HeyRainier  Read Replies (2) of 1720
 
Wow!!! Let's get some projections for how low INTC can go before it moves back up. For something so heavily owned by the institutions, I can be sure they're furiously calculating the damage and impact of the news. If this had traded on the NYSE like CS did when it belly-flopped, I would expect the delayed opening to result in some calmer trading. But since it's on the Nasdaq, I expect some volatile swings to take place before the equilibrium is quickly established.

My call: $71.25

Regards,

Rainier
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