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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic
INTC 44.69-17.8%2:32 PM EST
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To: Sonki who wrote (20774)8/30/1998 4:30:00 AM
From: nihil  Read Replies (1) of 27012
 
RE: Time for a change

Sonki,

Here are the approximate times of some daily lows
on Friday 28 for some of the stocks I follow like:

BA 11:45
BRK.B 3:45
CCI 11:30 and 4
CPQ 11:45
CSCO 11:45
DELL 11:45
F 11:30 (lower on 27th)
GM 12:10
HWP 11:45
INTC 11:45
KO 11:50 and 15:15
LU 11:45
NB 12:15 (local minimum, but ended lower
SVGI 3:20
T 10 & 11:45
TLAB 11:45
WMT 3:00

Things looked like the classic "chaise longue"
formation on Friday:

\ _________
\ /
V
9:30 11:45 4pm

... a steep fall with few reversals to the low for the
day at 11:45, a rapid recovery of about 30% until lunch)
and then a tight trading range for the rest of the day.
A few (CCI and NB) for instance fell off the chair and
reached lows for the day about 4:00 pm EST. Very good
candidates, IMHO, for careful buys on Monday morning
-- but use limit orders buy "on the opening" may be
advantageous on NYSE stocks like these. Of course,
if the collapse isn't over, these could fall through
the floor. Check on Instinet and London. I'm going to
wait a while myself. If banks get away from me, big deal.
I don't like banks anyway.

I checked the time stamps on the news, and found
universal rotten news, except, possibly,
Reuters 11:15 --- Yeltsin says he will finish his term.
Is this good news?
Does the market subsist on such thin gruel?

nihil
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