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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (7990)	5/24/2001 6:53:15 PM
From: The Freep	Read Replies (3) \| Respond to of 52237

<<The best trader I know told me that today's pop at the end was due to Intel's reaffirmation of Capex spending at 2:30. it's a lie but one you can trade!>> Why is it a lie? According to an article on CNET over a month ago, Intel has actually spent more than 2/3 of their Capex budget already this year. Further, Andy Grove has always said that you have to spend your way out of a slowdown. Yes, Intel's Capex budget is huge and yeah, their business has been stronger, but they are cash rich and cash flow rich, and aggressive as hell. Grove's theory is that in times like this, the big boys HAVE to spend to stay on top, and it's only afterwards if they know if they've succeeded or not. Mind you, I don't know about NEXT YEAR'S capex budget, but I also don't know why there's a common perception that Intel is lying. How do you know, Dennis? Anyone? I'd love to hear. (Oh, and their spending staying the same shouldn't be a reason to rally. Clearly they've been spending all along and the BTB is STILL plummeting. That's not my point. My point is why everyone but me and Intel knows this is "a lie.") the freep