Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (20616)	6/17/1998 11:16:00 PM
From: yard_man	Read Replies (2) of 94695

Jim, Many of the semi's are in lots worse shape than INTC. Fleck's piece on this is pretty good. Actually, INTC is the laggard in heading down, but it will. I know it already dropped from the 90's, but it is a favorite and will hold up for a little while longer than the others. Chart some of those guys in the SOX and you will see what I mean. I don't know that it is so much a problem of Asians producing and selling below cost. There is excess capacity. In DRAM for instance -- everyone has no choice, but to sell below cost. BTW: Punted all my FAX today for $100 loss on the bounce and took a quick 15% gain on 1400 EWM I bought yesterday. I think this intervention business will only work for a very short period of time and then we retest the lows in Asia and perhaps our market here gets a real adjustment, BWDIK. Regards, Tippet

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