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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Ted Downs who wrote (95317)	7/16/2002 5:09:33 PM
From: t2	Respond to of 99280

Looks like Intc is moving up nicely afterhours. Don't panic yet but that was a very risky bet. stock at 18.50 It is not going below 18.00 so the risk reward is very good. Some may have been trading it down afterhours on the EPS and margins numbers. I could not believe those trades given the guidance. It is really not about reported EPS at this point. ...It is about the revenue guidance..I expected worse guidance given how the stock was trading and the fact CEO was going to address employees. I was starting to expect a disasterous report after seeing the market sell off. It did not happen. IMHO, better than what market anticipated this afternoon. ..and also capex cut (maybe less than expected?) Intel should lead the market higher. Just waiting for MOT to announce a half decent report and we have a catalyst for a major rally.