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

To: Zeev Hed who wrote (23018)	8/6/2001 8:30:32 AM
From: Paul A	Read Replies (1) \| Respond to of 30051

Nice way to start my week off with some reality checks for Intel.. an entire week of positive comments and analyst upgrades, and Intel has trouble breaking over 32.. One negative and it is immediately back to the support at $30.. This is one reason I do not listen to Larrys yapping about short sellers losing it all in the end.. Selloffs tend to be alot more severe and thus profitable for the shorter who follows the rules, allocates thru the volatility and covers and steps aside when it goes wrong. Probably going to take the gift on Intel and cover for a small profit here.. Have plenty of other tech stocks that IM short, and need to loosen up a bit. Will reshort Intel when/if it becomes clear we are going below 2000 but I still dont trust this market.. MU should hopefully shed another point today making this a very wonderful day indeed..