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Technology Stocks : INTEL TRADER

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To: MonsieurGonzo who wrote (3553)8/23/1998 3:23:00 PM
From: Berney  Read Replies (2) of 11051
 
MG, RE: GM

This is a very interesting chart on GM that was posted on the BK thread yesterday:

decisionpoint.com

Sure looks like a classic historical pattern.

Thanks for your observations on SLE. The monthly trend in place from 1988-94 does come in to place at $30. In any case, since its not on the Big Boyz list, its not one I'd commit to, but the chart is similar to many that have gone parabolic since early 1995. They all have skeletons in the closet. The investment community has responded for the most part by keeping the closet door closed. Halloween is almost upon us!

But, again, the top mutual funds that own SLE (particularly Fidelity funds) were betting big on the stock last month to the tune of 8M shares added to their holdings. They sure seem to think that the problems will be resolved. Alas, we know they've been wrong before.

Berney
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