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Technology Stocks : Intel Corporation (INTC)
INTC 36.15-0.6%Dec 24 12:59 PM EST

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To: JDN who wrote (75151)3/2/1999 5:16:00 PM
From: wlheatmoon  Read Replies (2) of 186894
 
JDN,
Analysts drive the market. That doesn't make it right, but it is true. I hate them, too. However, they also are given numbers from the company. You think they'd make up numbers. You really think INTC has no bad news? You think this recent tumble off its' high is manipulation? We're not talking Mr. PINK and Tava here. We're talking INTC. We're talking about big boys unloading. We're talking trouble.

Personally, I sold INTC at 131. It's hovered between 122 and 137 after my sell. Again, I have no position in it, but I follow it to get a sentiment in the techs. Right now, the sentiment sucks and the bottom can't be felt yet.

Of course, just my opinion.

mike
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