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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (171633)	10/16/2002 1:05:26 AM
From: BelowTheCrowd	Respond to of 186894

I suspect that we are heading back to where we were last week. I don't think we'll get there in one day, and not sure if we'll bottom there or not, but it is quite clear that the huge runup of the past few days didn't have much basis in fact. The turnaround that a couple of analysts forecast does not appear to be out there, and margins are declining, at least for now. Also, Capex being further cut, which is going to hit the whole SOX complex in the morning. Who was recently forecasting 12 before 18? I suspect he's right. Personally I'm guessing 10 before 20, but won't put my reputation on the line with that prediction... mg