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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: KM who wrote (85449)	7/13/1999 5:04:00 PM
From: Alok Sinha	Respond to of 186894

I think the trading pattern over the next few days will mirror the action from last qtr. Up a buck or so tomorrow and then slowly slide about 10-12% over the next couple of weeks. Dan Niles will be back on CNBC advising investors to bail out since the stock is up. The main diff in results between last qtr and current is that Intel felt the need to pad its numbers last qtr by selling investments. The fact that they chose not to do the same this qtr is encouraging. I don't see much upside from these levels, but a slide back to 55-60 is certainly possible is overall technology market weakens. You can rest assured that Intel mgt will put a postive spin on the conf call (similar to last qtr) which will keep the stock strong for the first hour tomorrow. Also analysts who were pumping the stock recently while cutting estimates will pound the tables publicly (while their larger clients bail out). Regards Alok P.S. I have had a substantial long position in the stock for the last 4 years , so don't assume by my comments that I am bearish on the company - I just find the games mgt and analysts play, amusing to say the least.