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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Whiteboy who wrote (16462)	11/27/2001 8:33:34 PM
From: Paul A	Respond to of 19633

Since the day I started trading, I can never EVER recall Intel making a negative statement.. QUarter after quarter they come in at the low end of expectations, guide lower in a subtle way, and the market keeps rewarding them over and over.. Its a great company, thats no doubt, but this sector is not climbing out of this mess until a recovery is very clearly defined.. Its where it all started, and I think its going to be the last to recover.. Memory prices are starting to drop hard again so that was short lived.. I think they are high on crack.. Im still short INTC from 31.67, and dont plan to cover until she breaks 33 on a close which is a high probability but hey.. I was stopped out of JPM which I shouldnt have done because it took 2 upgrades in 3 days to make it move over $40.. this is pumped to the max but I had to lighten up a bit. and wait.. drum roll please.. I shorted NVDA at $54 1/2.. no inside information, just simply looking at the chart and the sector in general and I think its done/finished/over.. been saying that for 2 weeks tho but whos counting..