Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (95217)	4/17/2001 12:50:58 PM
From: JRI	Respond to of 436258

The only way I think it makes sense to buy Intel's news in advance....is if the COMPX (and maybe DOW) are closer to breaking some key upside support at the close.....ie if COMPX finishes up +40 (which would allow it to jump Monday/Friday's highs, 1985, and maybe 2000 on a big gap up tomorrow)... If the COMPX is hanging around these levels this afternoon....why buy? It would be a total guess (about market's reaction to the news)...and if it gaps down....you wouldn't have a lot of cushion before hitting key technical levels (1870 and 1850)... For that reason, I am "pushing" the argument that the COMPX needs to get to that +40 sooner than later.....for it will be more difficult (IMO) in the last hour to push it... If the COMPX finishes below 1900....I REALLY see no reason to buy the Intel news in advance... Finally, most/many times....up gaps get filled that day....so why attempt to buy thinking you're going to get a runaway up gap in a bear market? Seems foolhardy, although, like said, I'd be more incline to lessen the risk....if the market finishes strong today