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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Arik T.G. who wrote (42044)	12/12/1997 6:13:00 AM
From: Pigboy	Read Replies (1) \| Respond to of 186894

<< If there's no stock market crash early next year (i believe there would be one) then INTC can resume upward trend as early as April '98. >> Arik, where have you been? Have you not noticed the GIANT TECH CRASH that has been occuring over the last several weeks? I agree that it is strange that people like MSFT (them and CSCO seem to be the lone bandits out there having survived thus far...I will take their drops to signify the finishing touches to the current panic) are actually going up in this mess. Have you seen where the giants in the industry have gone just recently? And I am talking about the largest dd maker, SEG, the largest PC maker, CPQ, the largest chip maker, INTC, the largest semi equip co, AMAT, the second largest software co, ORCL, all the networkers Besides CSCO, etc...etc...Just what do you consider a crash? When all the leading techs are selling at book value? In my opinion, things will continue to be insane and intel may not grow its earnings as fast for the next several quarters, but they will be back. There is just so much potential, that it is ridiculous. ALL IMHO pigboy

To: Arik T.G. who wrote (42044)	12/12/1997 7:36:00 PM
From: Paul Fiondella	Read Replies (2) \| Respond to of 186894

Arik, I'm very much in agreement with your bearish sentiment I think we can now begin to speak about a crash rather than a correction. I've been watching the Asian developments very closely since their inception. I expected the Korean collapse to happen with the exception of one element. I did not believe western banks would permit a default on Korean foreign debt. If that happens I believe we will get a collapse in markets worldwide. The failing of the first round of IMF support happened very quickly. What everyone underestimated was how much off the book debt existed in Korea by Korean companies. Clearly the Koreans are trying to bail out all of these companies instead of letting some go down. The only analogy I think is easy for Americans to understand would be what happened with Chrysler here in the US. As a result they haven't got enough foriegn currency to bail out everybody. A liquidity crisis is brewing unless western countries hand them an awful lot of cash. I would be listening very closely to what the Citibanks and forign lenders in the Korean market are saying, particularly in Europe, about all this. As to INTC and MSFT. These represent my two biggest short positions. I think any bounce back up on MSFT is another shorting opportunity for me. I even think it can be shorted at its current price by those that haven't fone so. INTC is getting into a new trading range. I'll stick by my previous analysis. Thanks for taking the time to point out to everyone here again the danger of thinking that "prosperity is just around the corner".