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%

Dec 11 3:59 PM EST

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To: Sonny McWilliams who wrote (19847)	6/15/1998 3:30:00 PM
From: Sonny McWilliams	Read Replies (3) of 27012

All right everybody. Worried yet? gg. So far sev. good omens. DOW is holding the 8700 number which our technical guys think is important. The S&P is improving and so is the advance/decline line. The yield on the bond is 5.6 % and it is up 28/32. Should we wonder why the market is not up? Well, the DOW just went down to 107- but is now fighting some more again with the bears or profit takers. Michael Murphy of the Overpriced Stock letter was on CNBC and is now bullish on: All perk up please!! INTEL, ORCL and AMAT Mark Haines gave him a hard time and made him do some good explaining. M.Murphy said that the prices are now going up a bit for the chips - in Intel's case 100 dollars - and he thinks that the chip prices have hit bottom. He stated that chip sales were up in April in Asia and they are now buying more again. Sept. qtr. should do better and by DEC things should really look up. He does not feel that Intel is being hurt by the delay of Merced because they came out with a new version of the Pentium chip. All in all, he thinks it's time to buy the chips again and therefore Intel. Now a nice rumor as reported by CNBC. Disney is supposedly eyeing Seek with an investment of 40% even though Disney already teamed up with another internet player. I can't complain about the truly 2 internet stocks I bought for my IRA. Amzn and Seek. The market has still time to turn around today. Otherwise we will have to wait for turnaround Tuesday. Now I leave the thread to you all. gg. Sonny Oops, 8700 is not holding at this time. Dow down 140 and now over 150. But the fat lady has not sung yet. We have 20 min. to go. Let's hold our collective breaths.

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