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

To: Jim McMannis who wrote (126361)	1/31/2001 2:56:50 PM
From: Tony Viola	Read Replies (3) \| Respond to of 186894

Jim, >I was just drawing a line in the sand using TA. The bigger picture is that the bear market ended on Jan 3, 2001... There are some incredible bears on the Cisco thread. Do you read it? You might have some fun over there, if you're into that sort of thing (butting heads with bears that are practically religious in their ardor). Tony

To: Jim McMannis who wrote (126361)	1/31/2001 3:19:14 PM
From: Elmer	Respond to of 186894

Re: "I was just drawing a line in the sand using TA. The bigger picture is that the bear market ended on Jan 3, 2001...Fundamentally...The economy may still slow down but AG has inserted the safety net and the stockmarket anticipates at least 6 months out..." I realized you were speaking from a technical perspective but based on fundamentals, Intel is still selling at a high PE, demand is weak and even looking 6 months out there is real uncertainty. This is a short term rally in a bear market and I don't expect it to hold. We need a real turnaround in demand for Intel products before I would expect to see Intel moving significantly higher. That day will come and I am adding to my position in anticipation but it's now coming soon, IMHO. I would be happy to be wrong. EP