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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (7463)	11/8/1997 8:34:00 PM
From: Dwight E. Karlsen	Respond to of 18056

Zeev, I think INTC will stay for the most part in a trading range of $70-$77 over the next month. It's hit $70 twice now intraday recently, and closed in low 70's. But INTC has a stable future IMO, because of their market dominance, which is why we saw the exuberant intraday range the Tues before last from a low of $69 to close at $85. I don't feel comfortable shorting companies with market dominance, like AOL, INTC and MSFT. DK PS - Of course I could be off somewhat, with range estimate. Maybe it will be $73-$80. Hard to say. But $86 resistance won't be breached until next year, IMO.