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Technology Stocks : Intel Corporation (INTC)
INTC 46.47-4.5%Jan 30 9:30 AM EST
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To: Paul Oberlin who wrote (8036)1/13/1997 8:19:00 PM
From: Fred Fahmy   of 186894
 
Paul,

Thanks for the recap. I think your numbers are real close.

<<The day after, opened 115-116, but then closed around 110 after profit taking>>

Profit taking here should be called "profit giving" since, so far, people who followed this strategy have given up an additional 30 points.

I expect that there will be a similar pattern this time (i.e. profit taking related pull back/correction). I also expect that a few months from now, those who take profits on Wednesday will again be wondering why they didn't just hold on for the next 30 points.

FF
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