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To: IceShark who wrote (20725)	9/22/2000 8:28:23 AM
From: martin001	Respond to of 436258

BTD - lol Day Trader : Intel is warning; day traders are cheering.... Profit warning issued by the chip chieftain and technology bellwether will hit the markets hard this morning, as panic selling causes major down-gaps in individual technology names. Nasdaq futures currently trading lock-limit down, which means that they would be lower if not for the artificial support level. Because technology will be down across-the-board, it may be impossible for individuals with diversified, long-term portfolios to escape the carnage. Traders on the other hand will not only be able to avoid the Intel fallout, but will have a chance to prosper from the devastation caused by the company's preannouncement. Initially, all eyes will be on the Biggest Point Decliners list, as traders attempt to identify price aberrations that can be taken advantage of. Specific focus will be on technology highflyers (outside of the chip, chip equipment and PC sectors) that are pushed over the edge at the open -- not because they are exposed to Intel-related issues, but due to a lack of initial liquidity. Traders will use the first bounce in the Indices as signal to begin scooping up battered tech names (particularly those with small floats)..... While opportunity will exist, trading a gap-down is not as easy as it may seem. Unless one has lightening fast execution and understands the dynamics of trading fast moving equities, they are more likely to be whipsawed to death than to chalk up a chop.... Why is it that traders demonstrate such insolence in the face of a major technology warning? First, is the issue of a precedent having been established. Intel has come out of the blue to warn before (an Intel warning is never completely unexpected; always at least one analyst who is on top of it. This time it was Piper Jaffray analyst Ashok Kumar, who downgraded stock Sept 5). When company issued a preannouncement in May '97, we saw similar panic in the market, with futures down sharply going into the opening of trading. That day, the Dow recovered all of its early losses, while the Nasdaq recouped all but 3 pts, after trading as much as 3.5% lower on the day. Second, this is a market without fear and that is full of speculators who view such events as a godsend..... By day's end, the major indices could still be trading in the red. But you can be sure that traders will have exacted their pound of flesh -- at the expense of the common investor who views Intel's warning as a reason for panic.... INTC currently trading at $46 1/2 in pre-market, down 24% from yesterday's close. --Damon Southward, Briefing.com

To: IceShark who wrote (20725)	9/22/2000 8:31:09 AM
From: advinfo	Respond to of 436258

Where's the AMD warning?

To: IceShark who wrote (20725)	9/22/2000 9:17:44 AM
From: LLCF	Read Replies (1) \| Respond to of 436258

<We shall see where this goes, but the dark forces are assembling as predicted > Nothing but politicians... got to switch bandwagons QUICK!! CNBS had the 'Penguins' on... that was actually very clever, all the analysts that downgraded INTC this moring and the date they had upgraded it... pretty funny. DAK