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To: Dwight E. Karlsen who wrote (7461)11/8/1997 7:34:00 PM
From: Zeev Hed  Read Replies (1) | Respond to of 18056
 
Dwight, if your assessment about INTC is correct, then it will not go through my "mental" barrier at 82 and it actually could be a mildly good candidate for shorting or putting, whichever fits your bill.

Zeev



To: Dwight E. Karlsen who wrote (7461)11/8/1997 9:44:00 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 18056
 
Karlsen, the market expected more bad news from INTC and many shorted the stock.

After INTC said no new news it was a relief rally and short covering which cleans the stock for easier downmove next time around. As far as I am concerned INTC is a cyclical stock.

Happy trading
Haim