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Technology Stocks : Intel Corporation (INTC)
INTC 35.75+3.6%3:59 PM EST

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To: Tony Viola who wrote (65976)10/7/1998 10:21:00 PM
From: Paul Fiondella  Read Replies (1) of 186894
 
Doom and Gloom coming to a stock near you

Let's face it, AMD reports better than expected earnings and because its price had run up from the low teens recently, it gets dumped in this panic.

Couldn't it just be possible that INTC will report good earnings and the very next day the stock will be sold off!

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A rally has to start before Intel earnings or the stock is going to be sold off. The only way we get a rally is if there is a coordinated rate cut and some money comes back into this market to bid up the MSFT's and the CSCO's. Watch the British tomorrow. If they cut then the prospects for a rally improve. If they don't I'm buying INTC puts.
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