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To: DRBES who wrote (2847)12/10/1997 1:58:00 PM
From: greg nus  Read Replies (2) | Respond to of 6843
 
Debes. The intel meldown has begun. A close belwo 73 would siganl another 15% corection. The downdard target would be 50. They will justify this by knowcking 10% off for the Asian currency transactions and the rest by a contraction in the PE ratio discounting future grow slowdown. Intel @ $50.00 just after the announcmen of the planned January price cuts..