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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: xcr600 who wrote (28361)	9/21/2000 9:08:39 PM
From: Johnny Canuck	Respond to of 67987

*It is going to be ugly tommorrow.* Nasdaq Futures Plunge : Nasdaq December futures contract is trading at 3673, roughly 104 points below fair value of 3777. It's Ugly After Hours : NASDAQ most actives after hours (last trade and change from mkt close): INTC 49 1/16 -12 13/32...DELL 33 7/8 -4 1/16...CSCO 57 1/16 -4 1/16...NITE 36 -2 3/4...CMGI 34 3/4 -1 11/16...BVSN 29 9/16 -3 9/16. Intel (INTC) 61 15/32 -1 19/32: -- Update -- After hours trading resumes -- INTC trading at 52 -9 15/32 from mkt close. *This is going to be bad. INTC is not defending the stock.* Intel (INTC) 61 15/32 -1 19/32: -- Update -- Intel will not be holding a conference call on the warning. Expect next comments from management on 10/17 when earnings are released. Intel (INTC) 61 15/32 -1 19/32: -- Update -- Intel sees Q3 gross margins of 62% plus or minus a point, versus prior expectations of 63-64%. Interest and other expenses is expected to be approximately $900 mln versus prior expectations of $800 mln; see press release. Guidance is similar to what JBL gave. I wonder if the networking/telecom guidance is as well. If so the numbers should be good for those companies. It many not matter short term though if the market sentiment is lousy, but it means that they will bounce first on a recovery. Intel (INTC) 61 15/32 -1 19/32: -- Update -- Company sees Q3 revenues about 3-5% above Q2's $8.3 bln (or $8.55-8.72 bln). Analysts had been looking for about $9 bln. Current EPS estimate is $0.41. INTC shares currently halted, but last traded at $55 on Island ECN. Intel (INTC) 61 15/32 -1 19/32: -- Update -- Company warns it sees Q3 revenues below expectations.