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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 677.58

-2.0%

Jan 20 4:00 PM EST

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To: Clint E. who wrote (20108)	3/4/1999 10:19:00 PM
From: Tiley	Read Replies (2) of 69919

Hi Clint, I'm not waiting for INTC to go down to 100. Usually takeover stocks are not as weak as LEVL was and stocks with bad news usually start showing weakness much before the bad news comes out (eg. COMS) It all depends on the market tomorrow. CPU pre-announced bad earnings today. Besides, the arbs would keep a decent spread between LEVL and INTC. I would be surprised to see it open above 46 tomorrow, but I will cover sometime tomorrow. I did cover BRCM before close today (bad move since BRCM is down in after hours due to INTC buyout of LEVL), Later, - MJ

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