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

To: Ibexx who wrote (86563)	8/3/1999 7:43:00 PM
From: Fred Fahmy	Read Replies (2) \| Respond to of 186894

Ibexx, <I'll try to curb my irrational exuberance so as not to jinx the stock!> Hey, we have to enjoy it while we can right <ggg>? WS is very fickle. Personally, I am enjoying Intel's new found respect....but as we all know, the pessimists will be back eventually. It's amazing how some people see, in short lived spurts, what we have seen for years. It's as if WS just realized in the past few weeks that Intel is one of the most successful companies in the world right at the heart of a global technology revolution which has barely begun. BTW, isn't it fun to watch the analysts once again upgrading in droves after the fact. INTC wasn't a good buy in the low to mid 50's but all of a sudden it is a must have at 70!! The comedy never ends <gg>. FF

To: Ibexx who wrote (86563)	8/3/1999 9:36:00 PM
From: Ibexx	Read Replies (2) \| Respond to of 186894

Ralph Acampora seems to imply that money from the nuts is now rotating into stocks like Intel... _______ U.S. Stock Market Outlook Near-Term The market suffered a failed technical rally yesterday—but, we are still oversold, thus you can expect more rally attempts in the days ahead. Volatility will mark the path of price action over the near term. Rotation is evident as some stocks, like Intel, move higher while other issues like internet names trend lower. Be attentive—watch respective support levels carefully. This is a market of stocks. The May/June 1999 lows in many stocks, as well as the leading averages, will be the juncture to zero in on—if these levels are broken to the downside, then expect further deterioration. Please read the paragraphs below if you did not read them (they were written up on Monday of this week): Our main job as technicians for Prudential Securities is, as we define it, to identify the market's major (primary) trend. In early July we extended the market's primary uptrend beyond our original target of Dow 11,500 to over 12,000. And during the first two weeks of July most of the important averages (Dow, S&P 500 and the NASDAQ Composite) made all time new highs. Even the big stocks, like Lucent, IBM and Microsoft scored all time new highs. The second part of our job as technicians is to inform you whenever the primary trend has changed. Well, the second two weeks in July were quite different-the great earnings reports were just not good enough and many of the leaders, like LU, IBM and MSFT, were sold down dramatically. In just two weeks, the Dow lost 5.7% (or 645 intraday points), the S&P 500 lost 6.3% (or 90 intraday points) and the NASDAQ Composite fell 8.7% (or 250 intraday points). Just a normal correction you say for these two averages? That's true! And it is also true that we can expect these types of normal corrections to occur at any time, for any number of reasons. However, during this most recent decline the primary trends changed-the Dow and the S&P 500 both broke their respective 10 month uptrend last week. These primary uptrends began in early October 1998 when Greenspan dropped interest rates. The stock market is now putting us all "on-notice". "Watch me, it is saying. Watch me very carefully!" We don't mind if the primary uptrend is broken a little bit-we would prefer that it didn't happen-but we can still live with it as long as it doesn't do more damage. The market must now contain its recent damage and it must repair this loss of momentum. And this is possible as long as the primary support levels remain intact. ....