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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (8729)	12/8/2000 9:29:56 AM
From: Bosco	Read Replies (1) \| Respond to of 30051

<edited>Hi Tim - Thanks. 1st thing 1st :), why did you think VP Gore lost all 3 cases yesterday? INTC warning of a flat Q is better than expectation would be the ideal possibility. While there is no blowoff, this latest downturn has been a protracted one, so maybe there is a chance there is no need of a climactic capitulation. Not that Zeev would buy such a wishy-washy notion <VBG>! <edited> Maybe these two pieces of news from CBS MW are related INTC: sell rumor, buy fact? --9:20 am - By Tomi Kilgore Intel (INTC: news, msgs) is climbing $2.38, or 7.4 percent, to $34.69 in pre-market trading. Late Thursday, the chip industry bellwether said revenue for the quarter is expected to be flat with the sequential third-quarter number of $8.7 billion, blaming slowing demand for personal computers for the expected shortfall. Intel's previous outlook for the fourth quarter called for a sequential increase in sales of 4 percent to 8 percent. "I don't think it comes as a huge surprise to the market that there are still problems here," said Joe Moore, an analyst with Goldman Sachs. During Thursday's regular trading session, the stock edged up 56 cents to $32.31. On Wednesday, the stock hit a new 52-week low of $31.25, which was 59 percent below its high set in late August. A high-profile warning from tech-heavyweight Motorola (MOT: news, msgs) sent the stock down as much as $2, or 11 percent in intraday trading on Thursday, but the stock closed down just 6 cents at $17.75. Stock funds took in $4.6 bln --9:10 am - By Tomi Kilgore Funds investing primarily in U.S. equities had inflows of $4.6 billion during the week ended Dec. 6, estimates Carl Wittnebert, director of research at Trim Tabs. That compares with inflows of $100 million in the previous week. The S&P 500 index ($SPX: news, msgs) rose 0.7 percent during the Nov. 6 week, after rising 1.5 percent the prior week. Bond funds lost $400 million, after taking in $100 million the week before. best, Bosco