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To: Jeff Fox who wrote (37937)	10/28/1997 3:50:00 AM
From: Gary Ng	Respond to of 186894

Jeff, don't quite get what you mean, please explain. For the local market, I agreed with Charlie in that so long the peg is there, you have to expect the same thing happen (though not the same scale, we are now in 4 digits again) in the future. Gary

To: Jeff Fox who wrote (37937)	10/28/1997 4:29:00 AM
From: mike gubser	Read Replies (2) \| Respond to of 186894

european bourses in deep losses zurich and frankfurt minus 10% Intel traded at 69.5/70.75

To: Jeff Fox who wrote (37937)	10/28/1997 5:04:00 AM
From: Gary105	Respond to of 186894

Looking ahead: a lot of recent talk of support levels (which I think will hold today in the 70+/- area. Did it every occur to anyone that once we stabilize, there is minimal resistance between current levels and $85? Intc and the whole market has gone from manic to depressive within a few days. My guess is that hedge funds are already covering short positions, leaving individual shorts swaying in the breeze. Depressive market to be followed by rational one with panic covering by individual shorts. All imo, Gary