Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Full Disclosure Trading -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (3503)	12/30/2002 1:08:26 PM
From: Sarmad Y. Hermiz	Read Replies (2) \| Respond to of 13403

OT ** down resistance Yeah, it seems the shorts increase their effort at the support congestion levels. I guess they taste blood. But especially regarding Intel. From August to Oct 10, intel dropped everyday from 19+ to 13-. When the Intel report came out, it went up 50%. This Q, INTC is dropping every day since Dec 1, and this time, their report is expected to be better than last Q. Yet the shorts are bolder than ever. Normally I would say the shorts are just being less than optimal. But when I see the Euro is up to new highs again, I have to think that there is some capital flight out of the US to Europe. And that concern over Christmas sales is not the real issue.