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Politics : Idea Of The Day

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To: Michael Rich who wrote (23277)	2/4/1999 4:30:00 PM
From: Judy	Read Replies (3) of 50167

Market could stay weak if tomorrow's economic numbers are strong, market is selling off in anticipation of that. Nothing has changed fundamentally for INTC but the SOX got overbought and the market context got a tad shakier. Kurlack took advantage of sector and market conditions to downgrade AMD and INTC. My observation is Kurlack downgrades INTC when it is close to top of trading range so momentum does not cause a breakout, since he missed the call 50 points ago. AMD is a given, announced after the Kurlack downgrade that it may have an operating loss for the quarter. So Kurlack gets brownie points for making a correct call, quite a coincidence. Give me a break. Might be prudent to let the NAZ settle before adding to INTC, it's a market call. But one could add during options flux when INTC is moved to clear out various strikes, if one had faith that the semis have begun their growth period.

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