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

To: Jim McMannis who wrote (102335)	4/14/2000 1:14:00 PM
From: Burt Masnick	Read Replies (2) \| Respond to of 186894

One of the "interesting" aspects of markets is the ability of the general public to over-react. The market overshoots both ways - up and down. When there is a general euphoria, there has probably been a meaningful overshoot - when there is a general pessimism, there has probably been a meaningful over-reaction to the downside. The world is little different today then it was 2 weeks ago. Business is good and getting better. Rates are going to go higher in either 1 or 2 more rate kicks from Mr. G. Chip companies and others are running flat out to meet orders. But the market is tanking, not because prices are/were too high, business is bad or any other fundamental reason. The market is tanking because a sufficient number of people have simultaneously decided to head for the exits. Since the doorway is narrow, there are nasty bruises on the sides of those going through (read low prices). But, generally speaking, there are some buyers for these stocks. And oversold is far too mild a word for this market. Getting interesting. Since the trend is your friend, lots of folks need to see a different kind of trend before they re-enter in serious numbers. But the bear markets of yesteryear were mostly slow, steady erosions, not the hand grenades we are seeing today. This oughta take some margin players out of action for quite a while (for better or worse). Pretty bounceless so far. Straight down. Like a submarine dive. Where is Ralph Acampura when you really need him?