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Technology Stocks : INTEL TRADER

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To: MonsieurGonzo who wrote (3747)	9/4/1998 6:02:00 AM
From: smolejv@gmx.net	Read Replies (2) of 11051

I sold the Puts Wednesday, then there was a rebound Thursday (urgh...) and today I bought some more. Mind you I depend on MSNBC in this corner of Europe, so my information is second-rate (g). BTW I do read also local newspapers (ggg) so maybe my cosmic guardian angel will help me get it straight. Before the melt-down an average US family had 120k$ of paper profits which they (you) happily borrowed against to go on buying spree. Now a) its not 120k$ anymore and b) you dont know how to spell SAVING (its at 1.x% of GDP in US), so > US economy does not have its big pillar of support called consumer spending anymore available. $ at 134Y? Its not Yen that's strong, its US$ that's weak. I would in your place open the window, throw out your trend and support lines, start a new sixpack and chew a little on realities. Dont look for trees anymore. It's the forest time now. Regards DJ

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