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

To: Ram Seetharaman who wrote (85700)	7/14/1999 3:48:00 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 186894

Apparently the market was just waiting to get Niles' babble out of the way. Jim

To: Ram Seetharaman who wrote (85700)	7/14/1999 3:53:00 PM
From: vegetarian	Respond to of 186894

>>AT 40+ million volume, the market is simply ignoring NILES and pushing INTC up 2+ points! His report is below!<< There is an implicit danger for shorts in here if they are not agile enough and that is: Intel missed last Q's consensus; they said, third Q will be slightly up and 4th Q will be strong, so it would be fair to assume that the buyers today are buying on the projected strong future and many may hold long enough. IMO this is different from buyers coming in because a past Q's estimates were exceeded.