Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 38.16

+2.5%

Nov 7 9:30 AM EST

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To: philipah who wrote (72997)	2/5/1999 12:58:00 PM
From: limtex	Read Replies (3) of 186894

phil - Well sadly now at over $5 down and $16 down from the peak only a few short happy days ago. The average investor doesn't sell and so it has to be the funds and institutions that are selling. Clealry there will be no buying as long as this mini crash continues and so if there is no buying then there is no bottom. Its as simple as that. $5 down per day from here on in. Next Q's earnings announcements will of course change things but one lesson is now clear and that is if you want to sleep well then wait for the quarterly run up to earnings and sell within + or - a day or so of the annoucement and be 100% cash the rest of the time. Mr Kulack has had the effect of making the market a really unpleasant place for their retirement savings on a medium term basis. One wakes up in the morning and wonders what he'll say next that affects stock prices. Well done and I hope not hear from him again this year!! regards, L

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