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Politics : Formerly About Advanced Micro Devices
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To: Jim McMannis who wrote (31494)4/8/1998 4:10:00 PM
From: Richard Wang  Read Replies (1) of 1583677
 
Jim, Your and my recent calls have been uncannily accurate.
I am frightened by the prospect of SEC investigating us for manipulating stock prices of AMD, NSM, and INTC. : )

The broad head-and-shoulders scenario for INTC still holds. The predicted right shoulder is still forming, and is now dangerously close to the neckline. Completion of the formation may be very soon, or may take a little longer, but it may be inevitable. Once the formation is complete at 70 or a little below, penetration of the neckline may also be inevitable.

The head-and-shoulders formation has taken maybe a year to complete. Due to the lengthy period for the formation, its penetration may have profound, serious, and dire consequences. Each 10% drop in INTC price will translate into 10-12 billions in market cap loss, so INTC may drag its little brethren and cousins and nephews into the abyss.

Richard
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