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Technology Stocks : Intel Corporation (INTC)
INTC 35.53-1.1%Nov 14 9:30 AM EST

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To: Ibexx who wrote (78893)4/13/1999 6:28:00 PM
From: BelowTheCrowd  Read Replies (1) of 186894
 
Ibexx,

I generally DON'T bring up Cramer, because he is a trader and I'm an investor, so we tend to see the world from very different angles.

HOWEVER, the most important thing to realize about after hours Instinet stuff is that it is the province of traders like Cramer. It's about ego, getting an edge, facing your 'adversary' (rather than the market bid/ask) one-on-one on the trading screen and outsmarting him. It's for guys whose ego makes them want to stick around late to play an extra round even though all the rest of the team has gone home and any victory is unlikely to be consequential.

Understand Cramer and you understand why this stuff is all-too-often completely irrelevant to the way things look 24 hours later.

My guess is it opens down, recovers somewhat during the day. Probably won't see any major moves back up until next week when MSFT releases and INTC holds the analyst meeting. Even then, it could be June before we see anything big.

mg
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