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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (124321)9/21/2000 7:31:48 AM
From: Road Walker  Read Replies (1) | Respond to of 1573092
 
Ted,

re: "and one for Intel of $70 which is not too far from its recent new high.....big deal."

Yesterday Whittington changed his Intel price target to $75; today I suppose he will go to $69.95.

re: "So all the upgrades and the downgrades won't mean anything til the accumulation and distribution of semi stock is in better equilibrium."

I've noticed (WSJ) that money flow for Intel has been decidedly negative the last two days, while the stock was going up. I think we need to get through earning guidance before the techs can sustain a rally, assuming the news is good. Also the Heard on the Street column in this morning's WSJ talked about slowing tech earnings growth next year, should provide some FUD today.

John