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Strategies & Market Trends : Three Amigos Stock Thread
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To: JoeinIowa who wrote (11085)12/8/1998 5:45:00 PM
From: Sergio H  Read Replies (1) of 29382
 
Jose, the semis continue to be Wall Street darlings. From WSJ:
"Shares of chip giant Intel led the pack, rising 1 1/8 to 120 1/16 after Morgan Stanley Dean Witter analyst Mark Edelstone raised his price target on the stock to $150 from $130. The analyst also raised his price target on seven other chip stocks, saying the industry is beginning to emerge from a slump. The Philadelphia Stock Exchange semiconductor index rose 3.95 to 352.81."

Also interesting, 30-year Treasury bond dropped below 5%. Market is leaning towards another rate cut.

Amigo Sergio
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