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Technology Stocks : Intel Corporation (INTC)
INTC 45.51+10.7%Jan 9 9:30 AM EST

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To: Paul Engel who wrote (66232)10/12/1998 7:21:00 AM
From: Road Walker  Read Replies (2) of 186894
 
Paul, re: "It will be interesting to "observe" the markets response to Intel's earnings on Tuesday."

Recently techs have moved up into earnings release, then sold the news, regardless of the results. Last quarter they seemed to sell during the session prior to release, in most cases.

If we get a big sell-off on Intel at, or exceeding, expected earnings I would be very worried about the overall market for at least the intermediate term. IMHO this is an important "event" for the market, a good reading on sentiment towards earnings value.

Good luck,

John
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